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negative divergence with MACD histogram
- Thread starter quin8670
- Start date
skepticaltrader
Guest
What timeframe are we seeing the negative divergence on?
skepticaltrader
Guest
looks like you're right. Might be a good time to short GLD.
Yeah it's a strong signal, but I think it's not as rare as people make it out to be. It's common enough that it finds use, but the indicator itself is more reliable if it's in the direction of the long-term trend. ie. positive divergence at the bottom of a short-term pullback in a longer term uptrend.
Take it as it is.
Of course, there has also been negative divergence in the indices.. so.
-show
Take it as it is.
Of course, there has also been negative divergence in the indices.. so.
-show
skepticaltrader
Guest
I don't trade GLD, but it does look like a good one to short soon.
Maybe tomorrow, but usually I need some other indicators telling me to go short especially in a daily uptrending market.
Maybe tomorrow, but usually I need some other indicators telling me to go short especially in a daily uptrending market.
Quote from quin8670:
It could be dangerous...
the fundamentals don't necessarily scream short, however it still could be time for a correction...
will you jump in and short tomorrow or wait for some other confirming indicators?