The moving average is a technical indicator that is reliable and easy to understand, at least as far as technical indicators go. See Chapter 11 for more info on moving averages.
In basic terms, a moving average is the average of the closing prices of a security over a certain period of time. Moving averages can be helpful when you're looking to confirm a trend, so you can rely on them to boost your confidence in the trading decisions you make based on bullish-trending candlestick patterns.
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