$US 4The hourly chart has just formed a MACD death cross (above the zero line). Before the crossover, the bullish momentum histogram bars lasted for 25 four-hour candles.
It’s easy to misread the situation if you focus only on the crossover, so I’ll check three things one by one:
① Are the bars getting longer after turning negative?
② Is volume confirming the move?
③ Will the price break below the previous support level?
The four-hour chart moves quickly, so it’s best to compare it with the daily trend as well. Which direction are you leaning toward?
Just a note—not trading advice.
It’s easy to misread the situation if you focus only on the crossover, so I’ll check three things one by one:
① Are the bars getting longer after turning negative?
② Is volume confirming the move?
③ Will the price break below the previous support level?
The four-hour chart moves quickly, so it’s best to compare it with the daily trend as well. Which direction are you leaning toward?
Just a note—not trading advice.