Registered: Dec 2003
10-02-12 08:15 PM
Quote from Handle123:
Moving averages can be said they are flexible trendlines, and many use them as a place to "bounce back" in the direction of original trend. So it can also be said they are self fulfilling similar to Gann/Fib retracements.
But for every trader, moving ave's can be used in different ways.
OK, but that doesn't answer my question. How and or why would a moving average of N periods applied to X time frame define where there is pent up demand or supply of buyers/sellers?