This is part 1 of a 2 part series.
Originally I posted the weekly 200 day moving average, and while I questioned a "bottom", I mentioned it was, at a minimum, good for a bounce. So far, that's been the case, but I believe the 233 has more significance than that of the 200, and you'll see it also in the weekly chart.
I believe the simple moving average starts in the daily chart, and then translates over to the weekly and eventually monthly, however; it's important to remember that in order for that to happen price needs a lot of time.
Anyhow, notice the significant touches on the daily, and then let's continue to the weekly.
Originally I posted the weekly 200 day moving average, and while I questioned a "bottom", I mentioned it was, at a minimum, good for a bounce. So far, that's been the case, but I believe the 233 has more significance than that of the 200, and you'll see it also in the weekly chart.
I believe the simple moving average starts in the daily chart, and then translates over to the weekly and eventually monthly, however; it's important to remember that in order for that to happen price needs a lot of time.
Anyhow, notice the significant touches on the daily, and then let's continue to the weekly.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.