Really easy to read this chart The MACD indicator is the Lower on the chart MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. Traders use the MACD to identify entry and exit points for trades. MACD is used by technical traders in stock, bond, commodities, and FX markets.
After the March 2021 ATH, MACD turned bearish. The MACD ( yellow ) Crossed under the Signal line ( red) and remained there for 119 days Then PA rose to a New ATH, Macd Crossed Bullish for a short period and then turned Bearish once again The Signal line was above the MACD line for 112 days - MACD rose back over for a little while as PA rose to a Peak but lost traction again. Signal was once again over the MACD for 105 days From this point, we can see Pa begin to level out and then PA began its 18 Month rise
We recently had a new ATH, even though not significantly above the pervious. But I want to draw your attention to the MACD now. The Siganl line crossed over the MACD and is now falling Bearish again. That is Good But will Will we once again see a day count of just over 100 days below the MACD ? If we go 112 days, we will be in Early August And that is a time many charts point to as a Time of Change....
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