medium · Elliott Wave Theory motive
A market rallies from 1.2000 to 1.2500 (Wave 1), corrects to 1.2200 (Wave 2), and then explodes to 1.3300 in a Wave 3.
If an analyst observes the MACD histogram peak at the 1.3300 high, what should they watch for during the next price high?
- Volume climbing above the average pace seen in Wave 3.
- A price new high accompanied by a lower MACD histogram peak.
- The MACD line dropping below the zero line almost right away.
- The MACD histogram carving out a significantly higher peak reading.
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