$JCT 4 A MACD golden cross (below the zero line) has just appeared on the hourly chart. Before the crossover, bearish momentum bars persisted for 16 four-hour candles.
It’s easy to be misled by the crossover alone. I recommend checking these three things in order:
① Do the bars continue to grow after turning positive?
② Is volume confirming the move?
③ Can the price break above the previous resistance level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. Which direction are you more bullish on?
#JCT
It’s easy to be misled by the crossover alone. I recommend checking these three things in order:
① Do the bars continue to grow after turning positive?
② Is volume confirming the move?
③ Can the price break above the previous resistance level?
Four-hour signals move quickly, so it’s best to consider them alongside the daily trend. Which direction are you more bullish on?
#JCT