$NEAR 4 The hourly chart has just formed a MACD death cross (below the zero line). Before the crossover, the bullish momentum histogram lasted for 16 four-hour candles.
It’s easy to misread the signal if you focus only on the crossover. I recommend checking these three points one by one:
① Do the bars keep getting longer after turning negative?
② Is volume confirming the move?
③ Has the price broken below the previous low?
The four-hour chart moves quickly, so it’s best to compare it with the daily trend as well. How do you interpret this information?
It’s easy to misread the signal if you focus only on the crossover. I recommend checking these three points one by one:
① Do the bars keep getting longer after turning negative?
② Is volume confirming the move?
③ Has the price broken below the previous low?
The four-hour chart moves quickly, so it’s best to compare it with the daily trend as well. How do you interpret this information?