$OP A MACD golden cross (above the zero line) has just appeared on the daily chart. Before the crossover, bearish momentum bars persisted for 12 daily candles.
It’s easy to misread the signal if you look at the crossover alone, so I’ll check three things one by one:
① Do the bars keep growing after turning positive?
② Is volume confirming the move?
③ Can the price break through the previous resistance level?
A crossover on the daily chart carries more weight, but confirming it takes patience. Which side are you on? Tell me what you think.
It’s easy to misread the signal if you look at the crossover alone, so I’ll check three things one by one:
① Do the bars keep growing after turning positive?
② Is volume confirming the move?
③ Can the price break through the previous resistance level?
A crossover on the daily chart carries more weight, but confirming it takes patience. Which side are you on? Tell me what you think.