YM Sell Continuation On 4 Hour 21ema Now In Charge
After the violent spike down into the 200sma ( Bearish ), the 21ema is now in charge. It is declining so that means to pay attention to only bearish candles as the new trend is down. Any and all bullish candles are to be ignored.
The gap between the bodies of the candles and the 200sma tells me they are to return.
If price stays in the lower 0.33% or lower third, then expect lower prices. I can also see price go up to the 0.50% level and reversing as well.
One of my all time favorite setups is green gets eliminated by red at/near the declining 21ema with a one bar stop.
Here is two examples of what I am seeing in today's action.
The gap between the bodies of the candles and the 200sma tells me they are to return.
If price stays in the lower 0.33% or lower third, then expect lower prices. I can also see price go up to the 0.50% level and reversing as well.
One of my all time favorite setups is green gets eliminated by red at/near the declining 21ema with a one bar stop.
Here is two examples of what I am seeing in today's action.
