Importance of the moving averages

Moving averages are very important because they show the trend of the price movement.

I want to comment here on 5MA,10MA,50MA and 250MA on the daily charts.

• Golden crossing of 5/10/50/250 means BULLISH trend
• Dead crossing of 5/10/50/250 means BEARISH trend
• Both 50MA and 250MA are major resistance and support levels (trading opportunities)
• Once breakout / breakdown 250MA, re-testing is very possible.
• The third time both 5/10 crossing over 50 in a no trend zone will lead all three to a crossing to 250.
• In the no trend zone, how 5/10/50 moves will indicate if they will head to 250 or not.