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NANO ETH 4H consolidating
Noticed something w/ the Kijun (base line) in the EMA cloud of the TrendMaster system:
* Tries its best to stay within the EMA cloud
* Sharp right turn or horizontal movement, usually signals consolidation/retracement
* More often than not, fractal prints on the FOMO'd candle (full white candles in this case, with a red down arrow)
* The closer its to the bottom/right-side of the EMA cloud, a good indication that some support has formed—keeping price above/outside of the EMA cloud potentially, increase price higher on an uptrend (vice-versa, lower w/ a downtrend)
Thoughts and/or more insights on this? Thanks
* Tries its best to stay within the EMA cloud
* Sharp right turn or horizontal movement, usually signals consolidation/retracement
* More often than not, fractal prints on the FOMO'd candle (full white candles in this case, with a red down arrow)
* The closer its to the bottom/right-side of the EMA cloud, a good indication that some support has formed—keeping price above/outside of the EMA cloud potentially, increase price higher on an uptrend (vice-versa, lower w/ a downtrend)
Thoughts and/or more insights on this? Thanks
Transaction en cours
HL printed so farTrade fermée manuellement
Zooming out to the 1D, we see price action retracement a bit above Kijun (0.5 Fib),
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.