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.
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.
The lower studies are the Toh_LongTide and the Toh_ShortRipple.
The LongTide shows the 8 EMA in relations to the 55 SMA. Effectively, it is the MACD using the 8 EMA and 55 SMA with 5 SMA as the signal line.
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