Personally for me, keeping in mind all other rules in this thread, the Buy setup candle is the one that pierces down through the 15EMA but closes above the 15EMA (I'm still debating whether or not if this candle should also close above it's open, hence forming an 'up' candle, it is price action we're looking at though)
- OR -
The Buy setup candle opens below the 15EMA but then closes above the 15EMA.
Vice-versa for Sell setup candle.
The candles that just 'touch' the 15EMA have to be treated with common-sense.
- OR -
The Buy setup candle opens below the 15EMA but then closes above the 15EMA.
Vice-versa for Sell setup candle.
The candles that just 'touch' the 15EMA have to be treated with common-sense.