a setup for me, is when the price reach the outer band on M5 or M30.
when that happend on M30 and the RSIOMA on H4 is still pointing in the same direction and doesnt change. Then you know, most of the time, the trend will continue.
If you look for this setup on H1, the RSIOMA on H4 will change the direction because the timeframes are to close to each other. For an H1 Setup (price reached outer Band) you need a higher conformation timeframe then H4 . Try it out, its nice to find pullbacks.
It´s great for conformation of DS slinghshoots too. For example, an sell DS slingshot is going on and the price is on the upper half of the TMA Band, on that timeframe then the slingshot has a high probability.
when that happend on M30 and the RSIOMA on H4 is still pointing in the same direction and doesnt change. Then you know, most of the time, the trend will continue.
If you look for this setup on H1, the RSIOMA on H4 will change the direction because the timeframes are to close to each other. For an H1 Setup (price reached outer Band) you need a higher conformation timeframe then H4 . Try it out, its nice to find pullbacks.
It´s great for conformation of DS slinghshoots too. For example, an sell DS slingshot is going on and the price is on the upper half of the TMA Band, on that timeframe then the slingshot has a high probability.