December 16, 2017

NIFTY Weekly MACD Reversal set up

  • Weekly chart is shown with MACD.
  • The reversal Marked with Alphabet A is a straight forward reversal. But This time price action looks like the 1 2 3 Reversal shown on the left hand side. Remember its only similar , It may not be exact. In short we are looking at  a possible Triple negative divergence before a major correction could start.

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