One of Shannon’s favorite tools. Anchor it to a significant high or low (like Earnings day) to see who is in control: buyers or sellers. The 20/50/200 SMA:
If you want a legally free resource, Brian Shannon has given and appeared on podcasts (e.g., Chat With Traders , Better System Trader ) where he explains the same principles in detail. One of Shannon’s favorite tools
You don’t just buy because it hit a moving average. You wait for a "micro-trend change"—a break of a short-term downward trendline or a "higher high" on the 2-minute chart. Why This "Story" Matters Chat With Traders