'Kay here's a chart for all y'all and this is special patented Wink stuff, though i have mentioned in in the weekend wonderings post... and a few other places.
What we saw with the rise in the dow is a nice example of the Whooshka move
As in the chart,
A large move (down0 is followed by congestion.
MACD histograms rise whilst price falls (green lines)
Then MACD MAVs rise whilst price falls
We observe that MAVS on MACD hav hit a relative extreme before beginning to rise.
A vertical line at the start of divergence on the Histograms points out where price was at the time
The previous point of resistance is found prior to this time, and marked with a horizontal line, creating the target.
Easy... lol
(soz in a smart..ar... happy mood today.)
;)
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