$AIN 4 hours: MACD formed a golden cross below the zero line, with 17 consecutive bars in the opposite direction before the crossover.
Guys, how do you read MACD golden and death crosses? Here’s the short version 👇
The height of the bars represents the gap between DIF and DEA. If each bar is taller than the last, momentum in the current direction is strengthening; if they get shorter, it’s weakening.
A golden cross above the zero line is often seen as a sign that a pullback in an uptrend may be ending, while one below the zero line is more often viewed as a sign of a rebound during a downtrend.
Extreme readings often come with sharper volatility. At times like these, it’s better to reduce your position rather than bet big.
#AIN
Not a trading signal.
Guys, how do you read MACD golden and death crosses? Here’s the short version 👇
The height of the bars represents the gap between DIF and DEA. If each bar is taller than the last, momentum in the current direction is strengthening; if they get shorter, it’s weakening.
A golden cross above the zero line is often seen as a sign that a pullback in an uptrend may be ending, while one below the zero line is more often viewed as a sign of a rebound during a downtrend.
Extreme readings often come with sharper volatility. At times like these, it’s better to reduce your position rather than bet big.
#AIN
Not a trading signal.
