$IDOL ｜4-hour MACD｜Death Cross Above the Zero Line
Before looking at money flows, first understand MACD.
The same MACD settings can mean quite different things on different timeframes: crossovers occur more often on shorter timeframes and less often on daily charts, but they carry more weight on the latter.
A golden cross above the zero line is often seen as a sign that a pullback in an uptrend has run its course, while one below the zero line is more often treated as a sign of a rebound.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#IDOL
This is not investment advice. Make your own trading decisions.
Before looking at money flows, first understand MACD.
The same MACD settings can mean quite different things on different timeframes: crossovers occur more often on shorter timeframes and less often on daily charts, but they carry more weight on the latter.
A golden cross above the zero line is often seen as a sign that a pullback in an uptrend has run its course, while one below the zero line is more often treated as a sign of a rebound.
The same reading can mean completely different things in different market conditions, so don’t blindly apply a rule of thumb.
#IDOL
This is not investment advice. Make your own trading decisions.
