$TRUMP 4 An hourly MACD death cross has just appeared below the zero line. Before the crossover, the bullish momentum histogram lasted for 11 four-hour candles.
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things in order:
① After the histogram turns negative, does each bar get longer than the last?
② Is volume confirming the move?
③ Will the price break below the most recent support level?
Four-hour signals tend to be short-term, so they should be considered alongside the daily trend. Are you leaning bullish or bearish in the short term?
This isn’t a recommendation; make your own trading decisions.
It’s easy to misread the signal if you look only at the crossover, so I’ll check three things in order:
① After the histogram turns negative, does each bar get longer than the last?
② Is volume confirming the move?
③ Will the price break below the most recent support level?
Four-hour signals tend to be short-term, so they should be considered alongside the daily trend. Are you leaning bullish or bearish in the short term?
This isn’t a recommendation; make your own trading decisions.