$BMT 4-hour MACD formed a bearish crossover above the zero line, after 8 consecutive countertrend bars before the crossover.
Folks, what is MACD? Here’s the explanation in a nutshell 👇
The MACD histogram is the difference between DIF and DEA; some charting apps multiply it by 2. The moment the histogram switches from negative to positive is exactly when DIF crosses above DEA.
Many people compare two timeframes: when the daily trend remains unchanged, an opposing crossover on the 4-hour chart is often just a pullback or a rebound.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the indicators are saying.
Folks, what is MACD? Here’s the explanation in a nutshell 👇
The MACD histogram is the difference between DIF and DEA; some charting apps multiply it by 2. The moment the histogram switches from negative to positive is exactly when DIF crosses above DEA.
Many people compare two timeframes: when the daily trend remains unchanged, an opposing crossover on the 4-hour chart is often just a pullback or a rebound.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the indicators are saying.