$APR A MACD bullish crossover has just appeared on the daily timeframe (below the zero line), after 17 daily candles of bearish momentum.
It’s easy to be misled by looking at the crossover alone, so I recommend checking these three things one by one:
① Do the histogram bars keep growing after turning positive?
② Is trading volume backing the move?
③ Can the price break above the previous resistance level?
Crossovers on the daily timeframe carry more weight, but they also take longer to confirm. What reasons do you have for being bullish or bearish?
It’s easy to be misled by looking at the crossover alone, so I recommend checking these three things one by one:
① Do the histogram bars keep growing after turning positive?
② Is trading volume backing the move?
③ Can the price break above the previous resistance level?
Crossovers on the daily timeframe carry more weight, but they also take longer to confirm. What reasons do you have for being bullish or bearish?