We should add 20/50/200 days moving average on a daily chart and check that how far the price is from the 20 & 200 days moving average. If it’s far from both ( of course more far from 200 DMA) and all the Moving averages looks stretched. This means that the price is also stretched from its means value and it has either retrace back to its mean averages or wait ( consolidate near the same price for multiple days) so that after few days, mean averages approached the price area.
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