Buy the bounce on the EMA 50
Since february 2020 a green candle has been seen round 16 times on the top of the EMA50.
For 13 times out of 16 SPY took +2.62% in the next 5 days. Sometimes much more on a longer period.
In order to trade this pattern the best is to buy at the closing, and to put a close stop loss (something round 0.3%...).
This kind of stop loss worked 12 times out of 13...
The Risk/Reward is here very high....
I put a 4x leverage, and I bought IBUS500 at 4711 (stop-loss round 4697 (= -0.36%) ).
Yesterday SPY bounced on the support, it was also a good idea to play it. Hope you done it.
For the Nasdaq100 it widely crossed the support, and then came back.
The best option was to wait the bounce, in order to avoid this whipsaw. Some bulls has been caught by their stop-loss.
Hope you like this idea, I would be happy to talk about it.
For 13 times out of 16 SPY took +2.62% in the next 5 days. Sometimes much more on a longer period.
In order to trade this pattern the best is to buy at the closing, and to put a close stop loss (something round 0.3%...).
This kind of stop loss worked 12 times out of 13...
The Risk/Reward is here very high....
I put a 4x leverage, and I bought IBUS500 at 4711 (stop-loss round 4697 (= -0.36%) ).
Yesterday SPY bounced on the support, it was also a good idea to play it. Hope you done it.
For the Nasdaq100 it widely crossed the support, and then came back.
The best option was to wait the bounce, in order to avoid this whipsaw. Some bulls has been caught by their stop-loss.
Hope you like this idea, I would be happy to talk about it.
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