Uptrend
Scenario 1: Price above EMA 200 and RSI above 40
- Prices are above EMA 200 in PT
- RSI above 40 or taking support on 40
- Look for divergence or strength in RSI
- In CT
- EMA 200 + trendline
- SACT
- Price Action
- Volume
- Divergence in CT
Scenario 2: Price above EMA 200 and RSI below 40
- Prices are above EMA 200 in PT
- RSI exhibits divergence
- Wait for prices to create a support or GPT exhibits strength or divergence
- After pricing taking support, wait for strength in RSI
- In CT
- EMA 200 + trendline
- SACT
- Price Action
- Volume
Scenario 3: W Pattern on RSI 40
- Prices are above and not touching (Buyers have strengt) EMA 200 in PT
- RSI/Prices taking support on 40 and does not touch 30 levels
- Wait for prices to create a double botton pattern in CT
- Divergence in RSI should be seen
- MACD bullish crossover should be there
- Note: Do not take Candlestick pattern entry if the range is small
- TGT is the recent Resistance, quick exit may be required
- In CT
- EMA 200 + trendline
- Price Action
Example 1
Example 2
Example 3
Scenario 4: Strength in RSI
- Prices are above EMA 200 in PT
- RSI exhibit strength in PT - 1st cycle
- In CT
- EMA 200 + trendline
- Price Action
- Support/Resistance Break
- RSI exhibit strength in PT - 2nd cycle is higher than 1st cycle
- In CT
- Look for strength in RSI in CT
- Take Entry on break of Resistance
- Look for patterns above EMA 200 and EMA 50
