Power Course Instructor’s Response:
Precisely…
In an uptrend we want to buy "dips" back down to the Moving Average and in a downtrend we want to sell "rallies" back up to a Moving Average…well done.
Several MAs can also be put on a chart and as the faster MAs cross over the slower MAs, those can be entry signals as well.
See the chart below for an example of the latter....
Each time the 10 MA crosses over or bounces off of the 20 MA, that is a buying opportunity.
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