$UAI 4 The hourly chart has just formed a MACD death cross (below the zero line). Before the crossover, bullish momentum bars lasted for 18 four-hour candles.
A crossover alone can be misleading, so I recommend checking these three things in order:
① Did the bars continue to grow after turning negative?
② Did trading volume confirm the move?
③ Will the price break below the recent low?
The four-hour chart moves quickly, so consider it alongside the daily trend. Which direction are you more bullish on?
#UAI
A crossover alone can be misleading, so I recommend checking these three things in order:
① Did the bars continue to grow after turning negative?
② Did trading volume confirm the move?
③ Will the price break below the recent low?
The four-hour chart moves quickly, so consider it alongside the daily trend. Which direction are you more bullish on?
#UAI