$MAGIC The 4-hour chart shows a MACD death cross above the zero line.
When looking at MACD crosses, where the cross occurs matters more than whether it’s a golden cross or a death cross. A death cross above the zero line means upward momentum is weakening and a pullback may be starting, but the uptrend structure isn’t necessarily broken. The key is whether the DIF falls back below the zero line.
The indicator is a reference, not an on/off switch. Ultimately, you still need to look at price itself.
#MAGIC
When looking at MACD crosses, where the cross occurs matters more than whether it’s a golden cross or a death cross. A death cross above the zero line means upward momentum is weakening and a pullback may be starting, but the uptrend structure isn’t necessarily broken. The key is whether the DIF falls back below the zero line.
The indicator is a reference, not an on/off switch. Ultimately, you still need to look at price itself.
#MAGIC