In the previous increasing cycle, average ascending line played a good estimation until it broke, and we saw a reversal trend of price. I think we could rely on breaking of avarage line for finding out if a fall in price is a correction or a reversal of trend, due to recent Similar sentiment of market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.