Weekly Gold with 10 EMA (recent fast) and 30 WMA (arithmetic, more total or less recency). Some traders watch similar MA constellations monitoring the depth of a pullback after a cross in particular. A pull back to simply the 10 EMA with a convincing impulse away from it may signal a stronger trend. So if you imagine we go out into the future the right hand side of the chart, the red 30 WMA animates to 2700 while price is $2950 or so, and the pullback to the 30 happens there, looking more like the time series around the right blue arrow. Eye of the beholder but the right arrow is often presaged by the left. There's a cross after that and a pullback to the 30 but there's a hammer candle in that area and 2 solid weeks sprouting from $2000 to $2200. Subjective but slightly more anchored to things.. people like these systems.
I could have slapped a Donchian 50 on and said wow we're in an uptrend like a dumb.
All indications are, all else equal, that we're in a very strong uptrend. Which could end tomorrow for a steamroll to $2500. But the probability here.. is $2800 or more.
SHN Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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