Analyzing and trading stocks using Dr. Elder's Three Screen Meth

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Analyzing and trading stocks using Dr. Elder's Three Screen MethThe Bank of New York Mellon CorporationBATS:BKMaks_4487The first thing I do is analyze the weekly chart. Here I want to see price divergence to the MACD indicator Next, I go to the daily chart and want to see the divergence between the price and the indicator I then move to the hourly chart and look for the divergence here. The price has only risen a couple of points above the previous peak, but that's enough for me. I enter a trade when the bar is broken BK