25 September, 2019
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^BFX BEL 20 Index Stock Charting
Study BEL 20 Index stock chart and price action.
Look left and think right. It’s depending your expectation.
See chart, picture worth a thousand words.
H M Gartley is a very powerful observation, if you could read chart and project the AB = CD pattern. You could easily find the price action movement.
We see price action form a lower high, and possible price action is on its CD leg. If the setup is correct, the price action will expect to be lower.
Trade with your eyes open.
Moses Stock Observation
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.