![]() They can help identify a trend but won’t predict future price movements. It’s important to note that moving averages are lagging indicators, meaning they are based on past prices. Many traders consider a market to be in a long-term uptrend when the price is above the 200-day moving average and in a long-term downtrend when it’s below. It’s less sensitive to daily price fluctuations and provides a clearer picture of the long-term trend.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |