A quick update for my friends: when I first learned technical analysis, I’d buy as soon as I saw a MACD golden cross and sell as soon as I saw a death cross. I kept getting burned in choppy markets.
Now, when I look at $CT ’s golden cross on the 4-hour timeframe, the first thing I check is its position: below the zero line. I treat a golden cross below the zero line as a rebound, not as a sign that the market has bottomed.
How would you trade it?
Now, when I look at $CT ’s golden cross on the 4-hour timeframe, the first thing I check is its position: below the zero line. I treat a golden cross below the zero line as a rebound, not as a sign that the market has bottomed.
How would you trade it?