$ONE The daily chart shows a MACD golden cross below the zero line.
When looking at a MACD crossover, its position matters more than the crossover itself. A golden cross below the zero line means bearish momentum is fading during a downtrend. It is essentially a rebound signal, and is less reliable than a golden cross above the zero line. Only when the DIF returns above the zero line can we say the trend is strengthening.
Once the signal appears, setting a stop-loss is more important than guessing the direction.
#ONE
When looking at a MACD crossover, its position matters more than the crossover itself. A golden cross below the zero line means bearish momentum is fading during a downtrend. It is essentially a rebound signal, and is less reliable than a golden cross above the zero line. Only when the DIF returns above the zero line can we say the trend is strengthening.
Once the signal appears, setting a stop-loss is more important than guessing the direction.
#ONE
