$LINK The 4-hour chart has just formed a MACD golden cross (below the zero line), after 20 four-hour candles of bearish momentum on the histogram.
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things one by one:
① After the histogram bars turn positive, do they get longer with each bar?
② Is volume confirming the move?
③ Can the price break above the recent high?
Signals on the 4-hour chart move quickly, so it’s best to consider them alongside the daily trend. Share your take in the comments, and we’ll compare notes in a few days.
Data is for reference only—don’t take it as fact.
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things one by one:
① After the histogram bars turn positive, do they get longer with each bar?
② Is volume confirming the move?
③ Can the price break above the recent high?
Signals on the 4-hour chart move quickly, so it’s best to consider them alongside the daily trend. Share your take in the comments, and we’ll compare notes in a few days.
Data is for reference only—don’t take it as fact.