leovirgo
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Here I'd like to discuss about cycles and MACCI in particular. MACCI is commonly used as an oscillator where overbought condition could potentially lead to a down turn and the opposite for the oversold condition.
Let's see an example where overbought condition has lead to higher prices. Hopefully this explains why sellshort on MACCIs overbought won't work. It can be profitable to go long whilst MACCIs are overbought.
Let's see an example where overbought condition has lead to higher prices. Hopefully this explains why sellshort on MACCIs overbought won't work. It can be profitable to go long whilst MACCIs are overbought.