๐ The $INJ 4-hour MACD has formed a bearish crossover above the zero line.
Crossover signals are everywhere, but what really matters is where the crossover occurs and what the preceding trend looked like.
The same MACD settings can mean different things on different timeframes: crossovers happen more often on shorter timeframes and less often on daily charts, but they carry more weight on the latter.
The longer the histogram bars in the opposite direction persist before the crossover, the clearer the preceding trend was. This crossover is often considered cleaner than one that occurs during choppy trading.
All indicators merely summarize price action that has already happened. Price can move in the opposite direction at any time.
#INJ
Markets involve risk; trade with caution.
Crossover signals are everywhere, but what really matters is where the crossover occurs and what the preceding trend looked like.
The same MACD settings can mean different things on different timeframes: crossovers happen more often on shorter timeframes and less often on daily charts, but they carry more weight on the latter.
The longer the histogram bars in the opposite direction persist before the crossover, the clearer the preceding trend was. This crossover is often considered cleaner than one that occurs during choppy trading.
All indicators merely summarize price action that has already happened. Price can move in the opposite direction at any time.
#INJ
Markets involve risk; trade with caution.