Noticed something w/ the Kijun (base line) in the EMA cloud of the TrendMaster system: * Tries its best to stay within the EMA cloud * Sharp right turn or horizontal movement, usually signals consolidation/retracement * More often than not, fractal prints on the FOMO'd candle (full white candles in this case, with a red down arrow) * The closer its to the bottom/right-side of the EMA cloud, a good indication that some support has formed—keeping price above/outside of the EMA cloud potentially, increase price higher on an uptrend (vice-versa, lower w/ a downtrend)
Thoughts and/or more insights on this? Thanks
Trade active
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HL printed so far
Trade closed manually
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Zooming out to the 1D, we see price action retracement a bit above Kijun (0.5 Fib),