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Post# of 701946
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Sojourner55

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Sojourner55

Re: Nick119 post# 459464

Wednesday, 04/13/2022 12:10:37 PM

Wednesday, April 13, 2022 12:10:37 PM

Post# of 701946
Nick, moving averages are lagging indicators and move behind price. The 50MA moves faster than the 100MA and so on. The fact that it crossed over is bullish. The slope of the 50MA is leveliing off and will turn up once price resumes upwards and so will the 100 which has just started to flatten.

Close up view of 3 MAs ( MAs are just reference points and useless for trading)

Pedal to the Metal

Charts and comments are provided for interest and discussion for those who share a common passion for trading. This by no means constitute investment/trading advice.Scenarios created are for educational purposes only.

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