DislikedHereŽs a clear way of seeing todays action...an equal high of 239.69 was made at the Frankfurt Open. In the 8:20 candle, price dropped under the 34ema (agua) which then turned down.
At LO it hit its S1 level at 238.28 and bounced back to the 239 level - also the 50% retrace, before selling off again to reach its M1 level of 237.45 - also the lower 200ema band.
A bounce back to the 238 level and 34ema was another possible sell for a slightly lower low.
During all of this time, the slope of the 34ema was negative as seen by the green EMA Angle Histogram which can be used as a trend indicator.....here worth around 180 pips from when it turned negative until it reversed back to positive......an even easier way of watching the action.
Clear KISS trading off the 5 min chart and 34 ema.Ignored
GREAT GREAT WORK .... KEEP MOVING MAN
I WANT TO ASK YOU ABOUT THE GREEN LINE ???
MANY THANKS