Good Morning All, Yesterday Many Would Have Experienced, What Is a Bear Market Rally will look like & How Sharp Sell Off can be coming in 2nd Half. This Market is not good for Positional Players & Be Ready To Play On Both Sides when Index takes a Turn. Though Overnight US Markets rallied, but Asian Markets are not in a mood to Join the Party, which is gonna make difficult for Bulls in the morning. But considering Crude Fall, expect some breather for our Markets. Today is gonna be more of Range play day, with 33 K on Downside & 33500 on Upside will be the levels to watch. Also watch for 5min High & Low Today, which might me critical for our Morning Trades.
A two-legged pullback to the 20-period exponential moving average is a 😳 high probability trade entry set up inside a strong uptrend for buying a dip in price action. What??? It can also be a short selling opportunity on a rally back to the 20-EMA during a downtrend in price action. Any candle that goes higher than the previous candle begins a new leg up in price. Makes sense? Any candle that goes lower than the previous candle begins a new leg down in price. Trading rules for the two-legged pullback to the 20-EMA Dip buy signal · Strong uptrend · Two-legged pullback down to the 20-EMA · Enter at the close of the candle that bounced back from the 20-EMA Easy, right? And what about the short signal? Short sell setup signal · Strong downtrend · ...
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