Last EMA is showing a slider with the bands flat lined and indicators compressed.
What is the Rule for an entry with this scenario?
taking the easy one . no snapshots guys but pretty straight forward.
The Bollinger Bands are also a deadly weapon during consolidation; it will do one of two things when the market hits the bands. It will either retrace back to EMA or retrace back to the opposite band; this happens when the bands are flat which places the market in consolidation. If you do get a hit on one of the bands during consolidation then get in and take profit at least to EMA
In a downtrend is a different story. Once the band is hit retrace are generally to Purple, White, or Smooth. When it gets ready to turn then the market will hit EMA and go into consolidation.
On an uptrend retraces off the band are generally to EMA for profit.
hopefully correct
What is the Rule for an entry with this scenario?
taking the easy one . no snapshots guys but pretty straight forward.
The Bollinger Bands are also a deadly weapon during consolidation; it will do one of two things when the market hits the bands. It will either retrace back to EMA or retrace back to the opposite band; this happens when the bands are flat which places the market in consolidation. If you do get a hit on one of the bands during consolidation then get in and take profit at least to EMA
In a downtrend is a different story. Once the band is hit retrace are generally to Purple, White, or Smooth. When it gets ready to turn then the market will hit EMA and go into consolidation.
On an uptrend retraces off the band are generally to EMA for profit.
hopefully correct
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