$AIN 4 A MACD death cross (below the zero line) has just appeared on the hourly timeframe. Before the crossover, bullish momentum bars lasted for 8 four-hour candles.
A crossover alone can be misleading, so I’ll check three things in order:
① After the histogram turns negative, does each bar get longer than the last?
② Is volume confirming the move?
③ Has the price broken below the previous low?
The 4-hour timeframe is more suited to short-term trading, so it’s best to consider it alongside the daily trend. What will you be watching next?
A crossover alone can be misleading, so I’ll check three things in order:
① After the histogram turns negative, does each bar get longer than the last?
② Is volume confirming the move?
③ Has the price broken below the previous low?
The 4-hour timeframe is more suited to short-term trading, so it’s best to consider it alongside the daily trend. What will you be watching next?