Just sharing a thought: when I first learned technical analysis, I’d buy as soon as I saw a MACD golden cross and bail as soon as I saw a death cross. In the end, I got whipsawed in sideways markets.
Now, when I look at this 4-hour death cross on $INJ , the first thing I check is its position: above the zero line. I see a death cross above the zero line as a sign that upward momentum is weakening and there may be a pullback; it doesn’t necessarily mean the trend is over.
How do you interpret it?
Just a note on the market. Please make your own trading decisions.
Now, when I look at this 4-hour death cross on $INJ , the first thing I check is its position: above the zero line. I see a death cross above the zero line as a sign that upward momentum is weakening and there may be a pullback; it doesn’t necessarily mean the trend is over.
How do you interpret it?
Just a note on the market. Please make your own trading decisions.