total3 All you need is this two Ema and you will be amazed
Hi everyone posting after a while as i am watching this chart closely and thought its a good idea to post
Observations revolves around 20 and 200 ema on 3d Timeframe
As you can see two failed attempts on 20 and 200 ema crossovers happened in last cycle and then a successful crossover leads us to 700 days of bullish price action before these emas crosses bearish.
This time we have a successful crossover on the first attempt which is good for markets
Markets are above the 0.618 level support which is positive as well .Notice this .618 level is acting as major support
Key thing to note is that in previous cycle when this 20/200 crossover happened markets never
touched the 200 ema till around 700 days. the support revolves around 20 ema.
More leverage involved in this cycle so prices might come down from 20 ema to 30 or so but it should not come close to 200 ema if we are looking to sync with previous cycle as touching 200 ema was a bad sign in the Total 3 markets.
Also we have 560 days of bearish action after 20/200 crossed bearish on 3d chart.
Going forward we donot want to see this crossover to cross bearish that would not be good for markets
Best of luck Guys
LIke and subscribe for more content
Observations revolves around 20 and 200 ema on 3d Timeframe
As you can see two failed attempts on 20 and 200 ema crossovers happened in last cycle and then a successful crossover leads us to 700 days of bullish price action before these emas crosses bearish.
This time we have a successful crossover on the first attempt which is good for markets
Markets are above the 0.618 level support which is positive as well .Notice this .618 level is acting as major support
Key thing to note is that in previous cycle when this 20/200 crossover happened markets never
touched the 200 ema till around 700 days. the support revolves around 20 ema.
More leverage involved in this cycle so prices might come down from 20 ema to 30 or so but it should not come close to 200 ema if we are looking to sync with previous cycle as touching 200 ema was a bad sign in the Total 3 markets.
Also we have 560 days of bearish action after 20/200 crossed bearish on 3d chart.
Going forward we donot want to see this crossover to cross bearish that would not be good for markets
Best of luck Guys
LIke and subscribe for more content
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.