$TIA On the daily chart, the MACD formed a golden cross above the zero line, after 10 consecutive opposing histogram bars before the crossover.
Since we're on the subject, let's talk about MACD.
MACD was first introduced by Gerald Appel. Its default settings are 12, 26, and 9, and it measures price momentum based on the difference between a fast and a slow EMA.
Many traders look for bearish and bullish divergences: when the price makes a new high but the MACD doesn't, or the price makes a new low but the MACD doesn't, this is often seen as a sign that momentum is fading.
If you're using leverage, keep plenty of margin so a single wick doesn't wipe out your position.
#TIA
Make your own decisions when buying or selling—don't follow the crowd blindly.
Since we're on the subject, let's talk about MACD.
MACD was first introduced by Gerald Appel. Its default settings are 12, 26, and 9, and it measures price momentum based on the difference between a fast and a slow EMA.
Many traders look for bearish and bullish divergences: when the price makes a new high but the MACD doesn't, or the price makes a new low but the MACD doesn't, this is often seen as a sign that momentum is fading.
If you're using leverage, keep plenty of margin so a single wick doesn't wipe out your position.
#TIA
Make your own decisions when buying or selling—don't follow the crowd blindly.