![]() In this case, dates 1 to 15 are considered suitable for short (sell) trading, while dates 15 to 30 are suitable for long (buy) trading. This indicator can also be used with the Hijri calendar since it follows the moon's movement. Conversely, asset prices will decrease after a full moon and when forming a new moon. It is believed that prices rise during a full moon, and this increase ends during the new moon. According to this theory, asset prices change with the different phases of the moon. Moon Phase, or Lunar Cycle, is a trading concept that uses an indicator based on the moon's movement. Some consider this indicator easy to understand, while others consider the Moon Phase indicator less accurate because of the underlying element of superstition.ĭespite the controversy surrounding this indicator, it cannot be denied that Moon or Lunar phases have an interesting idea in trading analysis. As the name suggests, this indicator helps traders analyze the markets based on the phase of the moon. This is because this trading technique is still controversial among observers. The name of the Moon Phase indicator may not be too familiar to some traders. However, not all of these theories are based on statistical data. The world of trading has many theories for interpreting price movements. What is the actual working principle of this indicator? Do you know about the Moon Phase indicator? This strategy is surrounded by controversy.
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