$Q 4 The hourly chart shows a MACD golden cross below the zero line.
When looking at MACD crossovers, where the crossover occurs matters more than whether it is a golden cross or a death cross. A golden cross below the zero line indicates that bearish momentum is waning during a decline. It is more of a rebound signal, and is less reliable than a golden cross above the zero line. Only when the DIF moves back above the zero line can we say the trend is strengthening.
The candles that follow a signal are more convincing than the signal itself.
The above is compiled from public information. Please verify it independently.
When looking at MACD crossovers, where the crossover occurs matters more than whether it is a golden cross or a death cross. A golden cross below the zero line indicates that bearish momentum is waning during a decline. It is more of a rebound signal, and is less reliable than a golden cross above the zero line. Only when the DIF moves back above the zero line can we say the trend is strengthening.
The candles that follow a signal are more convincing than the signal itself.
The above is compiled from public information. Please verify it independently.
