I view daily, 4hr, 15m and 5m graphs simultaneously. It is my strong observation that mkt never reverses without forming DIVERGENCE. If we view only one graph,
at the time of reversal there may be DIVERGENCE but not necessary but in smaller time frame graphs there would be DIVERGENCE. I am presenting here three
graphs and you can well judge I am trading with witch graph. Basically 5EMA is my retracement level in daily graph. I wait for the mkt to go there and then find
DIVERGENCE in smaller time frame graph. If I find DIVERGENCE I let the other setup,5EMAcross with MBB+ MACD 24 52 9 cross, be completed and then take entry.
Good wishes and feel free to ask any question so that I may improve my knowledge.
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