$ELSA 4-hour MACD bearish crossover above the zero line, with opposing histogram bars persisting for 20 bars before the crossover.
When I was just learning MACD, I used to get excited whenever I saw a crossover. Later, I realized that MACD is derived from moving averages and is inherently lagging. By the time a crossover appears, the price has usually already moved quite a bit, and in a sideways market, crossovers can happen back and forth.
In a sideways market, DIF and DEA tend to intertwine, with golden crosses and death crosses repeatedly alternating. In such cases, crossovers have limited significance.
Cross-checking multiple indicators is more reliable than looking at just one, but even more signals still can't provide a definitive conclusion.
When I was just learning MACD, I used to get excited whenever I saw a crossover. Later, I realized that MACD is derived from moving averages and is inherently lagging. By the time a crossover appears, the price has usually already moved quite a bit, and in a sideways market, crossovers can happen back and forth.
In a sideways market, DIF and DEA tend to intertwine, with golden crosses and death crosses repeatedly alternating. In such cases, crossovers have limited significance.
Cross-checking multiple indicators is more reliable than looking at just one, but even more signals still can't provide a definitive conclusion.