$NIL A MACD golden cross has just appeared on the daily chart, above the zero line. Before the crossover, bearish momentum bars lasted for 26 daily candles.
It’s easy to misread the signal if you look at the crossover alone. I’d suggest checking these three things one by one:
① After the bars turn positive, does each one get longer than the last?
② Is volume confirming the move?
③ Can the price break above the previous high?
A crossover on the daily chart carries more weight, but it also takes more patience to confirm. Which side are you on? Let me know.
#NIL
Just sharing a note. Please make your own decisions about buying or selling.
It’s easy to misread the signal if you look at the crossover alone. I’d suggest checking these three things one by one:
① After the bars turn positive, does each one get longer than the last?
② Is volume confirming the move?
③ Can the price break above the previous high?
A crossover on the daily chart carries more weight, but it also takes more patience to confirm. Which side are you on? Let me know.
#NIL
Just sharing a note. Please make your own decisions about buying or selling.