Pullback of an upward Trend
Several points which meets my pullback strategy
- Weekly Ema slowly rising (weekly chart)
- No red impulse for several weeks (weekly chart)
- Daily Price below EMA (daily chart)
- Daily impulse is Blue (daily chart)
- Force index (2) is below zero (daily chart)
- Price pushing back above trend support linen for several days (daily chart)
- bullish engulfing candle(candlestick daily chart)
- bearish power reduction (MACD)
- going in at $25
- exit at 2 x ATR ($0.82)
- Weekly Ema slowly rising (weekly chart)
- No red impulse for several weeks (weekly chart)
- Daily Price below EMA (daily chart)
- Daily impulse is Blue (daily chart)
- Force index (2) is below zero (daily chart)
- Price pushing back above trend support linen for several days (daily chart)
- bullish engulfing candle(candlestick daily chart)
- bearish power reduction (MACD)
- going in at $25
- exit at 2 x ATR ($0.82)
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