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I don't fully understand the MACD but when the blue line starts...

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    I don't fully understand the MACD but when the blue line starts to converge with the red line, the price stops falling; when it crosses above the red line, the price firms upward; when it diverges from the red line, it runs up.

    For anyone who doesn't understand the gobbledegook, open Charts and tick MACD (probably under Lower Indicators). Watch for the correlation between MACD and price changes. DON'T google an explanation unless you're a maths bofffin, it's too much information. You don't need to be a meteorologist to fly a kite, just watch the patterns and it starts to make sense.

    By my reading, it will move sideways-up for a week (a fortnight? a month?) before the next good run. Anything could change this but other factors are beyond my ken.


 
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