Indicator Application(Part One)-Jessie Ding
Trading signal confirmation of indicator: Check the position of golden cross and dead cross, which means the trend is in rebound; It means that the price will continue to go up after short-term consolidation if strong golden cross, however, it indicates the rebound will end if dead cross in low area. the price will have short-term retracement if strong golden cross, on the other hand, the trend will change to medium-term uptrend if dead cross in low area will keep to go to strong area. Similarly dead cross in high area and keep to go to weak area, which means the trend will change to medium-term downtrend.