Short DAX at 7740

example of NEGATIVE macd (below -0-) and cross lower of histo down through -0-

volume declining spike, lower prices with lower volume for potential turn higher.

example of -70 tag and turn, humpty-dump,

example of higher prices less volume (with no MACDPC readings >+70)

now go out there and make a million

 

Thanks for charts and info, no indicator pattern will look exactly the same on 2 different charting platforms, I used Ninja, TT, Esignal, zig-zags looked different on all three sources, it's not just settings but an algorithm used to calculate any indicator.

If you make your chart larger and histogram/macd (12.26.9) only indicator on chart, also try and squeeze your price bars a bit, by doing so you are standing back to see a clearer picture. I am more than certain that you will see 4 lower peaks in histogram.

I thought I would post a classic divergence and they don't get much better than that IMO.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1530315>

P.S. Earlier today 2 min chart DAX

 

how about some times and a date for the chart you posted

 

never mind, I see when it was

 

And here is another example of 4 lower peaks, 4th one is equal to 3rd one, but that is OK as price moves higher than on 3rd peak. 2 min chart, fresh action.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1530333>

 

Long 3

-3

hanging the gloves for today

 

Short 3

-1

short 3

 

Looking for support break H&S

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1532531>

Here we go

headfake?

resistance failed

 

-3.5

short 3

-3.5

Short 3

scaled out 2 +9

3rd +24

Short 3

-2.5

 

Short 3

-1

Short 3

-0.5

Short 3

-3

Long 3

All out +2

Short 3, intermediate top in? 3 lower peaks now

I can't afford to swing trade it AS

Scaled out 2 lots +11