The moving average works just as well in lower and higher time frames. As a result, day traders will find benefit in placing 50-bar EMAs on 15 and 60 minute charts because they define natural end points for intraday oscillations
The 200 EMA is known for its ability to identify long-term trends. This is because it is a higher EMA. The higher EMAs, like the 200 EMA, focus more on past prices and less on current market prices. That is because the line is derived from 200 past days.
Support 💪 Trend in Detail | Finschool Support is the level at which demand is strong enough to stop the stock from falling any further. Each time the price reaches the support level
The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.