Hello everyone, I have just analyzed price action and Simple MA's through the years from 1995 till today.
Is interesting to notice that at SMA touch 60% of the times price pulls back while 40% of the times it keeps going lower!
A further analysis would be on the cross between them and how price reacted to that.
Same thing using faster MA's such as 5/10/20/50eMA's and 100SMA!
Hope you find it useful!
Is interesting to notice that at SMA touch 60% of the times price pulls back while 40% of the times it keeps going lower!
A further analysis would be on the cross between them and how price reacted to that.
Same thing using faster MA's such as 5/10/20/50eMA's and 100SMA!
Hope you find it useful!