March 23, 2019
Welcome to AmiBrokerAcademy.com. Thanks for visiting the site.
^DJT Dow Jones Transportation Index Stock Charting
Study Dow Jones Transportation Index Stock chart.
See chart, picture worth a thousand words.
See price action after high pullback, then continue to form higher high. Price action reach the next peak, but thereafter the price action fail and fail to a new low.
Use Fibonacci to project the pullback, swing high to low and see the pullback. The price action pullback and test 61%. Price action has a fake breakout of 61%. See chart, the price action continue to fall.
Trade with your eyes open.
Moses Stock Observation
AmiBrokerAcademy.com
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.