$FIL 4 On the 4-hour timeframe, a MACD golden cross has just formed (below the zero line). Before the crossover, the bearish momentum histogram bars persisted for 18 4-hour candles.
It’s easy to be misled by the crossover alone, so I suggest checking these three things in order:
① Do the histogram bars keep growing after turning positive?
② Is volume picking up?
③ Can the price break above the nearest resistance level?
Signals on the 4-hour chart move quickly, so it’s best to consider them alongside the daily trend. What do you think will happen next?
Just my personal opinion—not investment advice.
It’s easy to be misled by the crossover alone, so I suggest checking these three things in order:
① Do the histogram bars keep growing after turning positive?
② Is volume picking up?
③ Can the price break above the nearest resistance level?
Signals on the 4-hour chart move quickly, so it’s best to consider them alongside the daily trend. What do you think will happen next?
Just my personal opinion—not investment advice.