RE: I Like This STEEM Chart With 3 Differently Measured Averages A Lot

[luxsheng]

EMA crossed down, still pointing downtrend
and EW tells me one more leg down

Comments

[wesleybos]

Could you please give me more information about that? I am eager to learn about chart analysis.

[luxsheng]

I always like to use EMA, it shows you the trend, when it goes up means uptrend and when it goes down means downtrend. also WMA and MA doing the same work. in your chart except the pink one is showing no trend the other two are all showing downtrend still which means bearish.as for EW(elliot wave) I will post a chart on my steemit tomorrow... it's time to sleep in my time zone..see you

[wesleybos]

Thanks followed you looking forward to more of your work.