5 February, 2019
Welcome to AmiBrokerAcademy.com. We provide US stock analysis for academy learning.
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^IXIC NASDAQ Composite Index Stock Charting
Study NASDAQ Composite Index stock chart.
Picture worth a thousand words, see chart.
To aid the understand of price action, swing high to low using Fibonacci extension.
Price action breakout below the support and supported at 161% level.
Trade with eyes open.
Study the chart again, we spotted many ABCD pattern, H M Gartley pattern. See chart.
February 1, 2019 NASDAQ Composite Index and H M Gartley Pattern
Zoom in, and study the chart. See the ABCD pattern in a close up. Trade with eyes open.
Add MACD indicator, see chart. Price action fail the positive divergence, the price action fail the reversal and continue to go further south. See chart. But, the price action finally rebounce.
Moses Stock Analysis
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.