Trust the range bar and 9 and 20 day EMA
Updated
Always keep things simple.
As you can see here with the 50 range bar chart for e-mini futures, when the 9 day EMA (green) crosses above the 20 day EMA(red), price direction is clearly defined.
Using range bars gets rid of a lot of the noise associated with time-based charts, and keeps other time frames from invalidating your ideas making you miss out on good trading opportunities.
As of now, if the 9 day can cross the 20 and hold we will see a good opportunity to open a long position.
As you can see here with the 50 range bar chart for e-mini futures, when the 9 day EMA (green) crosses above the 20 day EMA(red), price direction is clearly defined.
Using range bars gets rid of a lot of the noise associated with time-based charts, and keeps other time frames from invalidating your ideas making you miss out on good trading opportunities.
As of now, if the 9 day can cross the 20 and hold we will see a good opportunity to open a long position.
Note
Because loading new bars aren't available for range bars I had to publish a new chart:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.