See examples in Pfizer, Inc. (PFE) and Intel Corp. (INTC)
By Elliott Wave International
Just as there are patterns in price, there are also patterns in momentum indicators. These patterns can support your Elliott wave analysis and help you identify tradable moves in price.
In this 10-minute lesson from our popular trader-education service, Trader’s Classroom, editor Jeffrey Kennedy shows you key patterns in moving average convergence divergence (MACD).
You’ll see examples from the charts of Pfizer, Inc. (NYSE: PFE), Intel Corp. (Nasdaq: INTC), NVIDIA Corp. (Nasdaq: NVDA), and more.
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This article was syndicated by Elliott Wave International and was originally published under the headline MACD: Learn to Recognize Trade Setups. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
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