Points to Consider -
The death cross preceded the economic downturns in 1929, 1938, 1974, and 2008. There have been many times when a death cross appeared, such as in the summer of 2016, when it proved to be a false indicator.
Analysts also watch for the crossover occurring on lower time frame charts as confirmation of a strong, ongoing trend. Regardless of variations in the precise definition or the time frame applied, the term always refers to a short-term moving average crossing over a major long-term moving average.
Hidden divergences signal a possible trend continuation.
FIB Confluence zone acting as Resistance.
This is just an idea for Analysis.
Please do not SELL based just on this :)
The death cross preceded the economic downturns in 1929, 1938, 1974, and 2008. There have been many times when a death cross appeared, such as in the summer of 2016, when it proved to be a false indicator.
Analysts also watch for the crossover occurring on lower time frame charts as confirmation of a strong, ongoing trend. Regardless of variations in the precise definition or the time frame applied, the term always refers to a short-term moving average crossing over a major long-term moving average.
Hidden divergences signal a possible trend continuation.
FIB Confluence zone acting as Resistance.
This is just an idea for Analysis.
Please do not SELL based just on this :)
