Five basic indicators that are really worth getting to know:
đ´ Moving Average (MA)
Shows the market's general direction and levels of support and resistance.
âď¸Helps understand the bigger picture and identify potential turning points.
đ Relative Strength Index (RSI)
Indicates whether the market is overbought or oversold.
âď¸RSI above 70 indicates overbought conditions; below 30 indicates oversold conditions.
đĄ Moving Average Convergence Divergence (MACD)
Measures the strength of market trends and identifies potential turning points.
âď¸Useful for spotting opportunities and managing risk.
đ˘ Bollinger Bands
Shows price volatility and potential for breakouts.
âď¸When the price breaks the upper or lower band, it indicates a potential market change.
đľ Average Directional Index (ADX)
Measures the strength of a trend, independent of its direction.
âď¸High ADX values (above 25) indicate a strong trend; low values (below 20) suggest no clear trend.
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