How my EMA 200 becomes friend with trendline
Take a look at my trend analysis for PURE PRICE ACTION MOVEMENTS.
In this case, I am anticipating a market to gimme a 3rd touch on my uptrending trendline which is on the EMA200 + TRENDLINE.
This will be a completion of the 3 touches structure. And then once the price touches both EMA 200 and 200 in that strong support zone, the market will go bullish to respect that rejection zone (support) and then at high, the price will drop aggressively! why? There's an uptrending trEndline from the lowest of the lows from the whole structure down there which i didn'r draw...the bulish movement will also be respecting that uptrending trendline.
SO I HAVE TWO SIGNAL IDEAS, BUY AND SELL!
The dotted line is my significant level appearing on MONTHLY TF. That level, i drew it on MONTHLY and cannot be moved at anytime regardless of the TF you are using.
I thank you.
In this case, I am anticipating a market to gimme a 3rd touch on my uptrending trendline which is on the EMA200 + TRENDLINE.
This will be a completion of the 3 touches structure. And then once the price touches both EMA 200 and 200 in that strong support zone, the market will go bullish to respect that rejection zone (support) and then at high, the price will drop aggressively! why? There's an uptrending trEndline from the lowest of the lows from the whole structure down there which i didn'r draw...the bulish movement will also be respecting that uptrending trendline.
SO I HAVE TWO SIGNAL IDEAS, BUY AND SELL!
The dotted line is my significant level appearing on MONTHLY TF. That level, i drew it on MONTHLY and cannot be moved at anytime regardless of the TF you are using.
I thank you.