You are viewing a single comment's thread from:
RE: An attempt to test recently established strong resistance
Thanks a lot for all the TA srezz.I have a general question regarding TA.
In your opinion is 55 EMA a good indicator of Support and resistance.
Can i use 55EMA on a daily chart ?
You can use anything as long as it brings you confidence. I use 13, 34 and 89 WMAs because they represent Fibonacci numbers and 89 / 34 = 34/13 = golden mean +1. Thus you have a system of dynamic support/resistance.
Thanks a lot Srezz , appreciate you taking the time.