$LINK 4 On the 4-hour timeframe, a MACD golden cross has just appeared below the zero line. Before the crossover, bearish momentum bars persisted for 7 consecutive 4-hour candles.
It’s easy to be misled by the crossover alone, so check these three things:
① Do the bars keep getting longer after turning positive?
② Is trading volume picking up?
③ Can the price break above the previous high?
Signals on the 4-hour chart move quickly, so consider them alongside the daily trend. Describe your current view in one word?
Not a buy or sell signal.
It’s easy to be misled by the crossover alone, so check these three things:
① Do the bars keep getting longer after turning positive?
② Is trading volume picking up?
③ Can the price break above the previous high?
Signals on the 4-hour chart move quickly, so consider them alongside the daily trend. Describe your current view in one word?
Not a buy or sell signal.