DislikedYes, but take a gander at the Daily......topside of macd study is weak compared to bottomside, and there is decidedly a sharp angled cross down now.
However, this points to the problem with using more and more technical indicators. They are lagging indicators, and like the macd, they seduce the trader into surmising what is about to happen, i.e., predicting.Ignored
Regarding lagging MACD: in terms of classic usage you are right. In EWT we use it in a completely different way since MACD provides useful information as part of the potential pattern under development.
Regarding your thumbs down (predicting): every single decision one makes based on SonicR implicitly involves predicting. The really important is to know exactly the difference between predictions and strategy-based trading decisions.
Mind the gap