So what do moving averages and fib ratios actually represent? Are you ready? The answer is simple: levels of .
I rarely use either, because I can look at the candles and know where levels of were formed.
I often get a lot of egotistical traders that like to argue about MAs and Fibs, and their uses. If you are using these indicators for any other purpose, you are using them incorrectly.
I suspect that I will have to make a post explaining how actually form/work (maybe later).
Directing your attention to the chart, I've highlighted areas of consolidation where fib levels and moving averages are in the same vicinity, and denote a temporary reversal in price action.