$ZRO A bearish MACD crossover just appeared on the daily chart, above the zero line. Before the crossover, the bullish momentum histogram lasted for 22 daily candles.
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things in order:
① After the bars turn negative, are they getting longer one by one?
② Is volume confirming the move?
③ Has the price broken below the previous low?
A crossover on the daily chart carries more weight, but it also takes longer to confirm. Do you think this is the beginning or the end?
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things in order:
① After the bars turn negative, are they getting longer one by one?
② Is volume confirming the move?
③ Has the price broken below the previous low?
A crossover on the daily chart carries more weight, but it also takes longer to confirm. Do you think this is the beginning or the end?