First of all I would like to explain the main reason of this blog. All I want to do here is to post trading ideas and charst of brazilian stocks with my point of view.
Second thing. Please be advised that I share only what I think and you MUST NOT FOLLOW BLINDLY what is posted here.
With all that said let's get started.
In my first post I would like to show one of my favorite setups: MACD divergence
Note that before price start reverting, the MACD indicator is already making higher highs and higher lows. It is a good way to try to spot a trend reversal.
Hope you like it!
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