Traditional monthly Chart has an inherent shortcomings, viz., it has diverse time-wise duration ; it may be 20 days affair (in case of February) or as high as 23 days affair ( in case of 31 days Month). However, in a Time Frame of 21 Days Cycle it is fixed & uniform time-wise duration
Notice Macd in the Monthly (above) is still in positive territory over the last 3 months in 2016. However, it had drifted over the last 3 candles in negative territory in TF 21 DaysCycle (below).
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