Monday, December 18, 2006

Stage 3. Defining the end of the back

Either bearish agreement on the middle line on MACD on the 4-hour graph or bearish agreement at the middle line on MACD on the time graph talks of the back end. The signal from the 4-hour graph will be, of course, stronger. But the time agreement will also be enough. In Fig. 3 (time graph) the bearish agreement symbolizes the back end.

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