21EMA crossing above 55EMA. We've got uptrend on most correlating indices. Worth a try.
Cup and holder on US30 1hr chart. 21EMA crossed below 55EMA.
RSI divergence outside the trendline (light blue). I took the position at EMA 21 when it bounced from EMA 55. A hammer candle gives me extra confidence that it may return inside the earlier trendline.
Just a simple idea based on divergence and EMA bounce.
Hey guys! First time publishing an idea, please bear with me. :) I don't know if this idea is kind of obvious or blatantly ignorant, but I'm just doing this to learn. I'm open to any criticism. So this idea is basically based on the longer term channel (thick purple lines) VS the shorter term wedge (thin purble lines). I believe there's a high probability that...