How moving average can help to count elliot wave

Moving average :

it is lagging indicator.
Various types of moving average are used for detection of trend.

Look at the picture

• As we know price above the moving average the trend is up
• and price below the moving average the trend is down.
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• Look at the picture I have plotted various moving average,8,12,55,100,200 MA
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• price is respecting MA and price is above MA, so the trend is up.
• But look minutely MA are compressed and then clearly seperated due to flactuation of price
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• Also look at the MACD , MACD also above zero line
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• The main matter is Here MA are works as Support and resistance level and finally price is retested on 200 MA which is the end of wave 4.
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• Wave 1 is formed where crossover and clear seperation occurs
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• Look I have used 6 different MA, Compression is the begening of EW and clear seperation and steepy angulation is the wave 3, In wave 2 retracement the price didi not crossed last two MA and at the tip of third wave the wave are away from each other.
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• Finally retested on 100, 200 MA, but never cross 200 MA, If price cross the 200 MA the trend will be changed.

 When MA do not gives real signal:

 ANS: IN NON TRENDING OR RANGING MARKET.