Moving Averages and Uptrends
Uptrend Confirmation: When the 20-day moving average (20DMA) crosses the 50-day moving average (50DMA) from below, it is considered a bullish signal in technical analysis. This crossover suggests that the shorter-term momentum (represented by the 20DMA) has overtaken the longer-term momentum (represented by the 50DMA), indicating a potential shift in trend direction from bearish to bullish. Fabulous Upward Moment: After the moving average crossover, you mentioned observing a "fabulous upward moment," which likely refers to a strong upward price movement or rally. This upward movement is often accompanied by increasing trading volume, indicating that buyers are actively accumulating positions and driving the price higher. Rising Indicator Candles: You observed the formation of "rising indicator candles," which are candlestick patterns that reflect bullish sentiment and upward price momentum. Examples of such patterns could include bullish engulfing patterns, bullis...