What is the logic behind a price bouncing off an SMA?
For example if a price bounces of a 35 day sma, i should short it if bounces of and go long if it breaks through, or vice versa.
I am jsut curious as to the logic as to why this is the case. Hope some of you guys understand my question, lol
For example if a price bounces of a 35 day sma, i should short it if bounces of and go long if it breaks through, or vice versa.
I am jsut curious as to the logic as to why this is the case. Hope some of you guys understand my question, lol