Golden Cross Breakouts by Ken Calhoun
A “golden cross” on a chart is typically defined as when the 50-day moving average crosses above the 200-day moving average, seen as a bullish sign. In this monthly column on trading breakouts, this professional trader shows how you can use this pattern as an entry signal for swing trades.
Whenever you are looking for swing trading breakout entries, it helps to use the same signals that institutional traders follow. One of the most popular patterns is the “golden cross,” in which a 50-period simple moving average (SMA) line crosses above a 200-period SMA. In this month’s column, you will see how to trade this useful breakout swing trading pattern ...