Using Technical Indicators for Confirmation | Ann Marie Baiynd

Ann Marie Baiynd discusses various technical indicators and how to properly use them. Price is the ultimate indicator. While she uses the famous moving average convergence divergence (MACD) indicators and other indicators that rely on momentum crosses, she stresses that these indicators should be used as confirmation indicators. That is, they do not (or should not) indicate an entry signal on their own, but be used to confirm a trade signaled by a more primary technical measure. Baiynd likes to use weekly and monthly closes in her analysis. Tune in and learn why it is important to use indicators to confirm market movement, not predict it.