xard777 wrote: Wed Oct 16, 2024 10:16 am From my experience with intra-day trading, nothing is confirmed until price has crossed the EMA 55 and made a pullback. This is where we see the start of trend movement. More so when the EMA 13 has crossed the EMA 55, but this is now shown as the coloured candle on the charts (Green/Grey/Orange) as Buy/Wait/Sell.

EMA as a Dynamic Support/Resistance: The EMA 55 can act as a dynamic support or resistance level. When the price crosses above or below this line, it often signals a potential change in trend direction. The choice of 55 as a period might be due to it being part of the Fibonacci sequence, which some traders believe has significance in market movements, though its effectiveness can also be attributed simply to its popularity, making it a self-fulfilling prophecy .....