Last week I mentioned here; "First thing we'd like to see is the faster time frame fast line and slow line of 3/10macd to catch up to one another, being cautious of any XYZ zig-zag waves forming."
The "faster time frame" was a reference to the 65-min chart. Here is what happened once the fast line finally caught up with the slow line. The only reason to become bearish at this point would be seeing degeneration in the 15-min 3/10macd (i.e. 2s & 4s, c & d criteria) which would lead the 65min 3/10macd to go into 2c criteria.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.