$W 4The hourly chart shows a MACD death cross above the zero line.
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A death cross above the zero line suggests upward momentum is slowing and the market may enter a corrective phase. However, the uptrend may not necessarily be over; it depends on whether the DIF falls back below the zero line.
The few candlesticks after the signal are more telling than the signal itself.
#W
I can be wrong too—don’t take this as advice.
When assessing a MACD crossover, where it occurs matters more than the crossover itself. A death cross above the zero line suggests upward momentum is slowing and the market may enter a corrective phase. However, the uptrend may not necessarily be over; it depends on whether the DIF falls back below the zero line.
The few candlesticks after the signal are more telling than the signal itself.
#W
I can be wrong too—don’t take this as advice.