Left side is the 240 chart showing an adjusted bullish blue trend line (Okay I was off a few degrees) and on the right side is what we've been waiting for... the golden crossover on the 8 hour chart woohoo...
please click on the chart to see my notes
@ixflo12341, It's when the 50 MA crosses upward through the 200 MA (moving averages) and is usually referenced for the Daily chart but does work on all time frame charts. The key is that the move is upwards through the 200 MA with a good vector and velocity and it can be the case when it will cross consecutively in quick succession on multiple increasing longer time frame charts and if such happens it builds a constructive interference wave pattern like a stacked wave and this can be a rocket of a wave. Here we are talking about waves of sentiment... but no different than other types of waves like sound or water or any type of electromagnetic energy. A reverse situation where the 200 MA moves downward through the 50 MA is termed the "Death Cross, and is a very bearish indication.
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