Short Pattern Based on Converging MA's
I've noticed that when moving averages converge and then cross while in a downward path (like the two next to the red arrows), the trend reverses. The same goes for upward momentum as indicated next to the green arrow.
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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.