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Índice Industrial Médio Dow Jones
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Testing some youtuber idea

Por soldadocod
Atualizado
So, they guy says that you need:

  • A sideway movement, not necessarily a channel, just a horizontal movement.
  • A "build up" meaning a consolidation either on the top or the bottom of the area
  • If long, the lows should sit around the EMA20


If all the previous apply:

  • Limit buy/sell on the top or low of the area
  • SL around ATR +/-3 of that value, I will put just below the EMA20 (this one is long)
  • Exit when the price closes over or below the ATR -+3


So here we go:
Nota
Price is falling, doesn´t look like it will go up in the short term... will wait for more candles to close, so for now no trade ahead in the horizon.
Nota
Flat for now, no PA suggesting any direction. Meaning that there is no build up on any side of the range.
snapshot
Nota
Correction, this is the chart with the EMA20, latter was with EMA200
snapshot
Ordem cancelada
it made the breakout but the buildup wasn´t clear, next time!
Moving Averagespriceaction
soldadocod

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