Macd & A/D Education review for future references
Some of you have asked about spike trading. One way I calculate future spike is by using my Fibs. I draw the height of the fib to match the height of the Macd & Accumulation/Distribution, then I draw it to the bottom of the Macd/Accumulation. You should notice that they precede each other. In other words they both end up in the same direction
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XBI 4hr chart showing a clear Head & Shoulders pattern by the Macd & A/D
