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BNF 34 Ema Rejction
BNF 34 Ema Rejction
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There are two ways swing reversal can happen:
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1)c Taking out the prior swing pivot
2)c Trade above the 34 ema, come down and test the 34 ema and rejection with a
green candle above 34 ema, for upside reversals. For downside reversals, we
need to trade below the 34 ema, go back up and test the 34 ema and rejection
with a red candle below the 34 ema.
*
Whenever the price moves above 34 and comes back to 34 for
rejection the green candle must close above the previous candle's high.
Reverse for shorts.
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When the RSI moves from a neutral(50) or Oversold(below 30) to a overbought
position and the price makes a new recovery high, it means a trending move. In case
of sideways market, the RSI gets overbought, while the price fails to make a new
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Trade above the 34 ema, come down and test the 34 ema and rejection with a
green candle above 34 ema, for upside reversals. For downside reversals, we
need to trade below the 34 ema, go back up and test the 34 ema and rejection
with a red candle below the 34 ema c
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= ceptions for this methodology:
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