Volatility building up in the macd histogram. Notice how the same happenned before the massive upward move. Price currently trapped in the triangle. Not yet decided on whether am bullish or bearish. Will decide when price breaks out either upwards or downwards. Till then, am holding
As the forefathers told you, watch out when these two meet. Bullish on this one.
As you can see, the second low of the wave was represented by a higher low in the macd, meaning it lacks strength. The upper trendline of the diagonal has been broken and am bullish. Target on chart. Good luck
The 4 hour timefrade short trade is still running and on the one hour chart a chance to re-enter the trade and ride the second trend has just established itselt. Target 1810
Blue MACD line crossed below orange signal line on 4h time frame to validate our signal.
MACD line (blue) crosssed above orange signal line to validate our buy order.