$AIN Daily MACD formed a death cross above the zero line, with the histogram moving in the opposite direction for 12 bars before the crossover.
Folks, what is MACD? Here’s a quick explanation👇
The MACD histogram is the difference between DIF and DEA. Some charting platforms multiply it by 2. When the bars turn from negative to positive, DIF crosses above DEA.
A death cross above the zero line is often interpreted as weakening upward momentum, but it doesn’t necessarily mean the trend is over. A death cross below the zero line is often seen as a continuation of the downtrend.
Calculating your position size based on where you set your stop-loss is much more reliable than trading on gut instinct.
#AIN
This is not investment advice. Make your own trading decisions.
Folks, what is MACD? Here’s a quick explanation👇
The MACD histogram is the difference between DIF and DEA. Some charting platforms multiply it by 2. When the bars turn from negative to positive, DIF crosses above DEA.
A death cross above the zero line is often interpreted as weakening upward momentum, but it doesn’t necessarily mean the trend is over. A death cross below the zero line is often seen as a continuation of the downtrend.
Calculating your position size based on where you set your stop-loss is much more reliable than trading on gut instinct.
#AIN
This is not investment advice. Make your own trading decisions.