Here we will Look at moving Averages again, Reason I use Moving Averages is this, They are always consistent, Notice in this uptrend we have three MA Crosses One at the bottom of the trend< which signifies the uptrend. Note the 1st circle, all three MA's Cross at the bottom of the up trend.
The 2nd Ma Cross is in the middle(Middle circle) Notice the MA7 and MA 25 cross but but the MA & flips right back on top and the uptrend continues.
Now the Final MA Cross Happened at our local top, It's Circled. and now we are in correction and nearly finished. Soon we should see another MA cross that will Indicate the uptrend resuming.
If you notice that right now we are trading underneath the MA 7 and MA 25. we need the MA 7 to flip above the MA 25.
Last: Look at the up trend. Notice almost all the way through the uptrend Candles are above the MA 7 and when we reach the top all candles start trading underneath the MA 7. This is a simple Moving Average strategy I hope the Helps you identify upcoming dips and as well as good entry point as this can be used on ALL time frames.
Feel free to ask me anything:)
Good Luck trading Fam
The 2nd Ma Cross is in the middle(Middle circle) Notice the MA7 and MA 25 cross but but the MA & flips right back on top and the uptrend continues.
Now the Final MA Cross Happened at our local top, It's Circled. and now we are in correction and nearly finished. Soon we should see another MA cross that will Indicate the uptrend resuming.
If you notice that right now we are trading underneath the MA 7 and MA 25. we need the MA 7 to flip above the MA 25.
Last: Look at the up trend. Notice almost all the way through the uptrend Candles are above the MA 7 and when we reach the top all candles start trading underneath the MA 7. This is a simple Moving Average strategy I hope the Helps you identify upcoming dips and as well as good entry point as this can be used on ALL time frames.
Feel free to ask me anything:)
Good Luck trading Fam