NO
i would stay away from such a market because if you notice the price action from the first red x i drew on the chart, it was a very volatile price action at first & also a big porcupine candle marked in 2 aqua blue x's formed which told me to stay the hell out of this market. notice the market went into a trading range after this.
35 & 50 ma are drifting apart considerably & ideally they should be either on top of each other - RISING or FALLING or they should somewhat be closely parallel / near to each other.
in my next post, i will demonstrate my ideal positioning of 35 & 50 ma's when i am taking touch trades against 10 ema.
i would stay away from such a market because if you notice the price action from the first red x i drew on the chart, it was a very volatile price action at first & also a big porcupine candle marked in 2 aqua blue x's formed which told me to stay the hell out of this market. notice the market went into a trading range after this.
35 & 50 ma are drifting apart considerably & ideally they should be either on top of each other - RISING or FALLING or they should somewhat be closely parallel / near to each other.
in my next post, i will demonstrate my ideal positioning of 35 & 50 ma's when i am taking touch trades against 10 ema.
Disliked{quote} In this situation the 35/50 MA's were rather flat and had a gap between them, still the 10EMA had a steep slope. If I had bought at the arrow, is that considered a "by the rules" trade?Ignored