You may have heard of a stock chart pattern called the golden cross. It’s usually mentioned in headlines when stock markets rally after a sharp or extended sell-off. It’s a technical chart indicator that bulls view as a reversal of the preceding downtrend.
The golden cross was in the news after the stock market bottomed in March 2020 and rallied higher into the reopening of the pandemic in 2021.
The golden cross preceded the powerful rally that surged the S&P 500 up through pre-COVID-19 levels. We’ll explain golden cross patterns, nuances and how to use them for your trades.
By the end of this article, you’ll be able to identify golden cross stocks. Whether you’re an investor or trader, they can be part of your arsenal to analyze stocks for potential trades thoroughly.
What is a Golden Cross Signal?
What is a golden cross in stocks? A golden cross is a breakout chart pattern that indicates the reversal of a downtrend….
