Up/Down trend is indicated by candles crossing the 200HMA. Crossing the 200HMA upwards indicates an uptrend; furthermore, crossing downward indicates a downtrend.
After fib extension levels are tested and doji candles appear a rally or pullback should occur depending on the overall trend direction. Uptrends result in a pullback and downtrends will result in a rally. This is when you enter the trade either long or short depending on the overall trend.
If you have any advice or beneficial comments I would greatly appreciate them. Thank you for viewing my first publication.
After fib extension levels are tested and doji candles appear a rally or pullback should occur depending on the overall trend direction. Uptrends result in a pullback and downtrends will result in a rally. This is when you enter the trade either long or short depending on the overall trend.
If you have any advice or beneficial comments I would greatly appreciate them. Thank you for viewing my first publication.