Technical_Analysis_page_316

Technical | Analysis page 316 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 14 Moving Averages 287 Determining Price Extremes Third, the moving average is an indicator of price extreme. Because the moving average is a mean, any reversion to the mean will tend to approach the moving average. For trading purposes, this reversion is sometimes profitable when the…