$FIL On the 4-hour timeframe, a MACD golden cross (below the zero line) has just appeared. Before the crossover, bearish momentum bars continued for 15 four-hour candles.
It’s easy to be misled by the crossover alone. I suggest checking these three things in order:
① Do the bars keep growing after turning positive?
② Is volume confirming the move?
③ Can the price rise above the most recent high?
The 4-hour signal is more short-term, so it’s best to compare it with the daily trend. If it were you, would you enter now or wait a little longer?
Not investment advice.
It’s easy to be misled by the crossover alone. I suggest checking these three things in order:
① Do the bars keep growing after turning positive?
② Is volume confirming the move?
③ Can the price rise above the most recent high?
The 4-hour signal is more short-term, so it’s best to compare it with the daily trend. If it were you, would you enter now or wait a little longer?
Not investment advice.