DislikedEMA or MA are useful tools but they are usually late since they are reflecting what the market makers are already doing...in short they are effect not cause. Law of cause and effect is inescapable in the physical realm. I prefer to put my focus on cause...which means following the Market makers and learning to understand from their tracks what they are doing. One rule of thumb with market makers is they dont do anthing they havent done before or else Financial Firms bosses get fired, simple as that. Which explains why Fibs and previous support and...Ignored
I agree with you but lets do some real examples.
Below is a daily chart EURUSD from Tradingview.
Please show me how you will workout this chart to define Long, medium, short trend.
It will be beneficial for all followers I guess.
Regards.
Merka