Method: Using EMAs instead of SMAs in this analysis as these offer less noise.
Color Scheme Pattern for Consensio:
1) Fast Moving Average (FMA) is 2 periods (Lime ascending and Green descending)
2) Intermediate Moving Average ( IMA ) is 7 periods (Yellow ascending and Orange descending)
3) Slow Moving Average ( ) is 30 periods (Red ascending and Maroon descending).
Oscillator Explanation: Uses the same moving averages BUT uses the 30 Period as the BAR to determine a or market.
A) Both the FAST MA (FMA) and INTERMEDIATE MA ( IMA ) dive below the SLOW MA ( ) and bounce back on top of it briefly. The MA oscillator shows this with the blue bar April & May 2018 and June & July 2014.
B) The rejection was followed by another dive in which the FMA NEVER crossed the IMA until it found a bottom in price.
C)The FMA climbed over the IMA briefly in March of 2015 and July of 2018 (our last rally up to 8.4K) after both bear periods found a bottom in price.
D)If we keep moving sideways, we're bound to test the . A failure is expected to grab the momentum to climb back on it for good.
Disclaimer: This is not advice but a cross of the Slow Moving Average and finding support once again at 6K is good confirmation to enter a trade.
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