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Bull market support band

A band made of two weekly averages: the 20-week simple and the 21-week exponential moving average.

What it means
In a bull market, dips often stop at the band; weekly closes below it often mean the trend has turned.
What to watch
Weekly closes, not daily wicks: daily dips below the band are usually noise.
How Compass-Alpha uses it
Background only; not used in any figure on Compass-Alpha.

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