Assumption: * When the price is above the 200 sma, means it is bullish because sma acts as a dynamic support. * When the price is below the 200 sma, means it is bearish because sma acts as a dynamic resistance. Question : When I should consider the movement (short movement) as a new or beginning of a trend? Answer: See Price Action / Movement in the chart according to the below steps. * Price took support or resistance from sma. (20) * Price will again retest the dynamic level of support or resistance. (20/50 or between both of them) * Price will finally take support or resistance on 50 sma. IT IS A GO FOR IT. For Ex: Phase1: Phase2: Phase3: LOT SIZE:
Assumption: * When the price is above the 200 sma, means it is bullish because sma acts as a dynamic support. * When the price is below the 200 sma, means it is bearish because sma acts as a dynamic resistance. Question : When I should consider the movement (short movement) as a new or beginning of a trend? Answer: See Price Action / Movement in the chart according to the below steps. * Price took support or resistance from sma. (20) * Price will again retest the dynamic level of support or resistance. (20/50 or between both of them) * Price will finally take support or resistance on 50 sma. IT IS A GO FOR IT. For Ex: Phase1: Phase2: Phase3: LOT SIZE: