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#EMATrading
UpTrend = 3 Cross Over 7 EMA - 1 Hour > 4 Hour > 1 Day > 1 Week > 1 M
DownTrend = 3 Cross Down 7 EMA - 1 H < 4 H < 1 Day < 1 Week < 1 M
1 Hour and 4 Hour to be used for Intraday
1 Day and Above for Positional.
Targets = the EMA at Next Time Frame
No Cross No Trade
UpTrend = 3 Cross Over 7 EMA - 1 Hour > 4 Hour > 1 Day > 1 Week > 1 M
DownTrend = 3 Cross Down 7 EMA - 1 H < 4 H < 1 Day < 1 Week < 1 M
1 Hour and 4 Hour to be used for Intraday
1 Day and Above for Positional.
Targets = the EMA at Next Time Frame
No Cross No Trade
When does the Trend Change: Post an Uptrend - the first cross down of 3 EMA Over 7 EMA is First Signal of Trend is Bending
Plz remember if the cross down has not happened, but closes below 3 EMA and Above 7 EMA then the Price will keep going up and come down - Sign of weakness
Plz remember if the cross down has not happened, but closes below 3 EMA and Above 7 EMA then the Price will keep going up and come down - Sign of weakness
When Price stops Trending Upwards and finds resistance: The Price will try to break some High, but will get rejected, it will try again and again gets rejected. But in the mean time, the 3EMA Support from Bottom Keeps inching Up and comes to a point where it turns into resistance
Eg: NF today has done a close below 1 Hour 3 EMA at 12.15 and if we close below 3 EMA on 4 Hour Ending at 1.15PM - Price 11547 then test of 3 Day EMA is confirmed and may breach that.
Which also means that Short Term EMA Contraction has started.
Contraction is First Sign of Trend is Bending. Price finds Sellers at Higher Range with lesser Interest from Buyers on Price Drop.
Contraction is First Sign of Trend is Bending. Price finds Sellers at Higher Range with lesser Interest from Buyers on Price Drop.
