Weighted Moving Average:
During Uptrend: It will function as a support for the price movements.
During Downtrend: It will function as a resistance for the price movements.
Attention to be given here when the Price crosses the weighted moving average.
When the Price breaks below the WMA signals decline in prices.
When the Price breaks above the WMA signals rise in prices.
The Challenge Faced While Using the Moving Average
To recognize the point in which the Prices cross the Moving Average.
Whether this point is important or not for the price movements
Recommendation for confirmation of signals:
Usage of other oscillator-indicators, candlestick Patterns of Patterns from the technical analysis.