A friend just asked me: “$UNI has formed a MACD death cross on the daily chart. Should I get out?”
I replied with a few thoughts:
1. This death cross is below the zero line, which means the weakness hasn’t changed and the rebound has failed once again;
2. MACD lags behind—the market has already made a move by the time the crossover appears;
3. Don’t look at just one indicator; consider volume and key levels too.
After hearing me out, he said, “So after all that, I still have to make the call myself.” That’s right—indicators are just a heads-up.
I replied with a few thoughts:
1. This death cross is below the zero line, which means the weakness hasn’t changed and the rebound has failed once again;
2. MACD lags behind—the market has already made a move by the time the crossover appears;
3. Don’t look at just one indicator; consider volume and key levels too.
After hearing me out, he said, “So after all that, I still have to make the call myself.” That’s right—indicators are just a heads-up.
