The 4-hour death cross on the 13/48 EMA has been a reliable indicator this year as we have just entered one today.
The previous death cross on this time frame has produced a 32% drop over 8 days
The crosses prior to that were 18%, 13% and 5% moved down. All four crosses average out to 17% over 8 days.
You can find this indicator here on TV under 'True Golden Cross by -Westy-
The previous death cross on this time frame has produced a 32% drop over 8 days
The crosses prior to that were 18%, 13% and 5% moved down. All four crosses average out to 17% over 8 days.
You can find this indicator here on TV under 'True Golden Cross by -Westy-
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.