QuoteDislikedPerhaps , you are emphasizing the three taps point? Along with cross of EMA, also confirm the three taps? Am i right? What would be precise definition for three taps?
You're right, I look for any three taps once the candle closes below the 34SMA. As long as any three wicks hit a trend line I draw, they don't need to be three in a row either. The chart I attached chart is a good example. Also notice the second red candle under the 34 SMA takes out two swing lows, in other words, it closes below two swing lows.