Catch the wave
Now you might be wondering: "But why the 50-period moving average?"
We go with the 50MA because it’s watched by traders around the world so that could lead to a self-fulfilling prophecy. And usually, the 50MA coincides with previous Resistance turned Support which makes it more significant. Now, it doesn’t mean you can’t use 55, 67, 89, or whatever moving average you choose because the concept is what matters.