Moving Average Crossover i.e. Short Period Moving Average Crossing Long Period... Also known as Fast Moving average crossing Slow Moving Average.
In simple terms - a 9 Day MA crossing 20 MA or a 20 MA crossing 50 MA.
ENTRY - Take the next trade of the cross over on close or near the close.
PROFIT - As per Risk Reward you set or Ride till the reverse happens...
Although, there are counts out there doing a big WXY , I'll be taking this large movement down on the weekly frame impulsive down and I have my reasons for that. The down move was nice and fast and this bounce has a volume confirmation pointing towards a down move.I don't disagree to the fact that this looks equally reasonable with WXY as primary but I don't buy...
How does a stock prepare for a rally (Bullish/Bearish)? Here is an example of a bearish rally. The stock created a top or resistance which could not be taken out. 50 DMA gave a down ward cross to 200 DMA. Price is making lower high and lower low.
