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:
LOT SIZE:
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