Another cool instrument for predicting market behaviour — Moving Averages. For long term we can use MA15 on weekly timeframe for figuring out trend continuation or reversal based on price action near MA15. Definitely this is not tool for execution of the trade but it is a tool for understanding what is the dominant trend. Several examples I marked on the chart with red and blue arrows.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.