In this video from MarketClub, you see that the Nasdaq reached 61.8% fibonacci level. At the same time, we can see divergence happening for the market been making higher highs while the MACD oscillator been weakening or making lower highs. Not only that but the Nasdaq has been trending up since early last year and now it seems like the Nasdaq has broken that trend line. Trend lines can really help in determining direction and which side of the trade to be on. Watch the video and see how a trend line is drawn.
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