Yep, keep hearing it ... could well be a contrarian signal. Funny I never heard the term as an FX trader - guess it's an equities thing? I rarely use indicators anymore - just price, trend-lines and zones.
I wouldn't know if it's a thing in equities but the term has definitely been bandied about, yeah, like a contrarian signal. Death-cross notwithstanding Jesus was resurrected and the longterm 100-day MA they're using for the death-cross signal is I think not long enough.
Yep, keep hearing it ... could well be a contrarian signal. Funny I never heard the term as an FX trader - guess it's an equities thing? I rarely use indicators anymore - just price, trend-lines and zones.
I wouldn't know if it's a thing in equities but the term has definitely been bandied about, yeah, like a contrarian signal. Death-cross notwithstanding Jesus was resurrected and the longterm 100-day MA they're using for the death-cross signal is I think not long enough.