TiTTs – 55 SMA, Range Trading and BreakOut Downward

We are back on the 1-minute chart. The most important way of analysing the TiTTs chart are to look out for the 55 SMA and the ATR Trailing StopLoss.

Analysing the chart below, the /RTY is definitely Bearish if the candle close is below both the ATR Trailing StopLoss (white dots) and the 55 SMA (orange line). Likewise if the candle close has been above both these markets, we would deemed it Bullish.

TiTTs trading system with market internals 19 August 2022 — Chart 1: Entry using TiTTs – Breakdown and then Range Trading before Breaking down again

In the chart 1 above, once the candle closed below the 55 SMA, that would have been a valid Entry point. The /RTY trended down with the $TICK hitting -1000 consistently. The /RTY grinded downward in a straight line until the red dots appeared (OverSold). From then on, it range traded for quite a while until it broke downwards again.