josi wrote: ↑Mon Jul 20, 2020 11:40 pmI can't - for the life of me - figure out what advantage EMA13 can bring to the whole setup.
Should you know yourself I'd be very grateful if you told me.
Does EMA 5-10-20 produce worse signals? Not as far as I can see.
If you leave EMA 13 out altogtether? Different signals?
How about MACD above or below 0 (or/+ divergence) - that could filter out bad signals (see screenshot).
that is how 13-20 ema zones are sr
now all long unwinding is done and all speculative positions are gone and open interest is light
that is how markets throws away all traders till it hits 13-20 ema zone on weekly and 13 and 50 ema D1 convergences.
market has squeezed out all long traders fully !!
monthly range low is hit and prices are bouncing of from 20 ema weekly after three unsuccessful attempt to break it last week.
so now s&p 500 can go up from here
real strength will emerge when prices crosses up the downsloping trendline and will cross back up above 13 ema D1 !
that is when long positions should be initiated,