$UNI 4 The 1-hour MACD has a golden cross below the zero line.
When I was first learning MACD, I used to act as soon as I saw a crossover. Only later did I understand that a crossover’s significance depends on where it occurs and on the one-sided trend leading up to it. A golden cross above the zero line is often seen as a continuation of the trend, while one below the zero line is more often viewed as a rebound. It’s easy to be misled if you look at the crossover alone.
A golden cross above the zero line is often seen as a sign that a pullback in an uptrend has run its course, while one below the zero line is more often treated as a rebound signal during a decline.
Knowing how to read indicators isn’t difficult. The hard part is sticking to the rules when emotions are running highest.
#UNI
Just my personal perspective; it may not be accurate. Please consider it rationally.
When I was first learning MACD, I used to act as soon as I saw a crossover. Only later did I understand that a crossover’s significance depends on where it occurs and on the one-sided trend leading up to it. A golden cross above the zero line is often seen as a continuation of the trend, while one below the zero line is more often viewed as a rebound. It’s easy to be misled if you look at the crossover alone.
A golden cross above the zero line is often seen as a sign that a pullback in an uptrend has run its course, while one below the zero line is more often treated as a rebound signal during a decline.
Knowing how to read indicators isn’t difficult. The hard part is sticking to the rules when emotions are running highest.
#UNI
Just my personal perspective; it may not be accurate. Please consider it rationally.