Using Moving Averages With Candlestick Patterns

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Combining Candlestick Patterns With Moving Averages | Technical Analysis

Now lets go over how to use moving averages with our candlestick patterns
Moving Averages are one of the most popular overlays used by traders. They are represented by a colored line, which shows the average closing price of a stock over a selected period of time.

The number or length you select for your moving averages will become the amount of days calculated into the moving average.
For example, the 200 day Moving average would show the average stock closing price for the past 200 days. Moving averages can provide you with all sorts of stock data, such as with helping you to identify when a trend has begun or ended. They are among the most popular overlays that are used for technical analysis.

If a stocks candles are closing above the 200 MA, it is typically considered to be in a bull market. If closing below the 200 MA, this is usually a sign that the stock is in a bear market.

Applying both the 50 day, and the 200 day moving averages together on a candlestick chart can provide great insight into the price action and movement of stock.

A great trading strategy to use with moving averages is called the Moving Average Crossover Strategy. When an ‘X’ is formed after the 50 day moving average passes the 200 day MA to the upside, this is called a golden cross. A golden cross is an extremely bullish signal, which tells us that the price is likely to continue upwards.
When an ‘X’ is formed after the 50 day MA crosses below the 200 day moving average, this is called a death cross. A death cross is one of the most bearish signals you can recieve
When a death cross occurs, you can expect the price to fall and move into a downtrend.

Moving averages not only provides insight into trend direction, but can also serve as support or resistance levels, which we will discuss in an upcoming lecture.
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Video Topics:

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