Every dot is a daily close but the last which is moving up and down until close. The black curve is 2 MA, the red is 5 MA and the blue is 8 MA. I use this type of chart in special situations like this. What it means is that the 2 MA has turned up instead of crossing the 8 MA saying that the short daily trend is up. But the 5 MA is sideways to down and will Tuesday opening get steep on downside if this situation should be today's close. Only to show that you only need moving averages to see trends. You can skip all other indicators and learn how to use MA:s and of course the wave theory.
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