When studying price action it is well worth our while to study price action in relation to the 200 MA. It often (but not always) serves as dynamic resistance or support. This is for educational purposes and is not a signal to buy or sell.
Disclaimer
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.