you could argue that it was a 4h 50ma bounce!!
the point with Ma's is the higher the TF the stronger there use, if you look to the EU on a 4h we find that at times when the 100 is close to the TL it provides hugh strength - so which is it the TL or the 100?
some traders play the 200ema for entries into the trend, whats my point, well they work just as well as the 50% fib does, the reason they hold is because traders trade off them, from them and through them.
in the case of the 1h, we could have been very successfull buying each time the price fell through and then returned back through the 200ema, it's just not our way.
Each to there own - but yes valid point, it's not part of this thread so enough said.
the point with Ma's is the higher the TF the stronger there use, if you look to the EU on a 4h we find that at times when the 100 is close to the TL it provides hugh strength - so which is it the TL or the 100?
some traders play the 200ema for entries into the trend, whats my point, well they work just as well as the 50% fib does, the reason they hold is because traders trade off them, from them and through them.
in the case of the 1h, we could have been very successfull buying each time the price fell through and then returned back through the 200ema, it's just not our way.
Each to there own - but yes valid point, it's not part of this thread so enough said.