【Even just the moving average line is this amazing!】
[Even with Moving Averages Alone, You Can See Entry Points at a Glance!]
The fundamental idea is,
Support lines and resistance lines = turning lines
That is what it means.
Among the many moving averages, in an uptrend,
there are certain width lines that function effectively assupport linesduring pullbackswith a specific spanthat act as a certain width line.
Also, in a downtrend,
there are certain width lines that function effectively asresistance lines at retracementswith a certain width.
In other words, if prices break below the support line in an uptrend, a downtrend begins, and
if in a downtrend prices break above the resistance line without bouncing, an uptrend begins.
In other words,the support line and resistance line become turning lines.
For details,
GoGoJoon sales page:
https://www.gogojungle.co.jp/tools/indicators/42489