This pattern is initiated by a penetration of the Predictor line and by a quick retrace back above said line.
If this happens then the Consequence of this action is a move above the major high or low to collect the stops that have been placed there by people using the to identify Trend changes and who are now on the wrong side of the Market. As you have
Explaining the Predictor in full detail goes beyond this Analysis but I will do that soon, promise.
As I show you here we had two Grabbers from this MACDP on this chart and the next major high is the one marked by me. Coincidently we also have the minimum Target (COP) of the move from 20.01.2016 to 09.02.2016.
Enjoy and lets make some pips :)
I will show a link below to a screenshot from my Platform where you can see the MACDP in full beauty :)
I have just seen that we have a new Grabber from Friday! Check the link to my Chart below.