MACD crossover trade

• This is the daily chart of nifty with MACD crossover buy and sell signals.
• For some one who believes in MACD daily time frame crossovers the last four signals would have given them four great trades.
• And the current MACD signal which gave a buy from around 4800 is still going strong.
• The current daily chart up trend which started from 4780 levels had a dip in the middle but see how the MACD did not give a sell.
• But as we all know all indicators can fail and can give whipsaws it is important to fine tune these signals with moving averages and fibonacci levels.