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Z_Top5_24June 2022

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Z_Top5_23 June 2022

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15 June 2022 – Stacked MA, Short Ripple and S55

The chart below is taken at 7:50 am EST, before US market opens. Here, the 8 EMA has crossed above the 21 EMA and hence the Vertical “AIM Up”. The candle has cleared the 55 SMA but is below the ATR Trailing StopLoss. The ShortRipple Up arrows (Cyan) is present. Hence even without crossing the ATR Trailing StopLoss, the probability that it will keep moving upwards is high.

To be sure, we prefer to take trades only when all our conditions are met. Hence we seldom take early trades even though it might be missing a single condition out of all the other conditions. Also, noticed that there are Squeezes in all the time frames. The current and two upper timeframes.

When the Exit signal is present such as the LongTide and ShortRipple (TF2) are showing Blue dots, we need to EXIT as shown in the chart above.

The 55 SMA is a good dividing line between a Bullish bias when the close is above it or a Bearish Bias when the close is below it. It serves also as a Support line in a Bullish market. Here we can see that the close came down and met support. The Bulls took the /RTY up higher.

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