In the theme of this:
Notice how the last 2 times there has been a close above the 50 EMA there has been follow through to the upside. Whenever there was a prior close below the 50 after a close above there has also been follow through - only to the downside. This trade is therefore straightforward. Buy weakness on the shorter term timeframes such as 15 and 60 min, while watching the daily close.
Notice how the last 2 times there has been a close above the 50 EMA there has been follow through to the upside. Whenever there was a prior close below the 50 after a close above there has also been follow through - only to the downside. This trade is therefore straightforward. Buy weakness on the shorter term timeframes such as 15 and 60 min, while watching the daily close.
Comment:
Giving this a little leeway, but it's make or break today.