Evaluating this Type of Market Movement
Hey traders, In this update, I will show you an indicator built into just about every platform out there. I’m certain it’s on the platform that you’re using right now. If you happen to be using thinkorswimⓇ…
This indicator is called the MACD histogram.
The MACD histogram is the indicator we use to evaluate this type of market movement. Check out today’s conversation, where I show you how to find the indicator, set it up, and show why it is so valuable.
The cool thing about this tool is that it is a fantastic way to understand momentum. What does that mean? If a market is going to break through resistance or support and continue, what is the likelihood? Another way to think about it is, which way would I favor the breakout happening?