travis18haney

Hourly 200sma Downtrend Signal For Lower Lows

Short
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
A technique that I use is during a downtrend, the first pop above the 200sma 9/10 will produce a lower low and continue down to break the lows.

Price is currently popping above the 200sma

I will show you various examples of this technique from the last two years








Using this information, I will expect the lows to be broken and a new lower low will form, possibly down to the green line I drew.
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