Method: I track impulse/correction and BOS (break of structure). Trend filter is the 50 EMA (black); momentum/trigger EMAs are the 5 & 10 (white).
Recap
Mon: Clear upside impulse with BOS up. White EMAs above the black 50 → bullish continuation vibe.
Tue: Early follow‑through, then momentum faded; corrections got deeper and EMAs started to flatten.
Wed: Failed attempts to hold above the white EMAs, then a clean BOS down as price slipped under the black 50 → trend flipped.
Thu: Follow‑through short. Lower highs into the white EMAs; corrections kept getting sold while staying below the black 50.
Fri: Flush then sharp bounce. Price reclaimed the white EMAs intraday but stalled around the black 50—looks corrective; no full BOS up yet.
Takeaways
Early week was bullish.
Midweek we failed below the EMAs and followed shorts.
The late‑week bounce is just a correction unless we get a fresh BOS up and hold above the EMAs with the black 50 turning back up.
Recap
Mon: Clear upside impulse with BOS up. White EMAs above the black 50 → bullish continuation vibe.
Tue: Early follow‑through, then momentum faded; corrections got deeper and EMAs started to flatten.
Wed: Failed attempts to hold above the white EMAs, then a clean BOS down as price slipped under the black 50 → trend flipped.
Thu: Follow‑through short. Lower highs into the white EMAs; corrections kept getting sold while staying below the black 50.
Fri: Flush then sharp bounce. Price reclaimed the white EMAs intraday but stalled around the black 50—looks corrective; no full BOS up yet.
Takeaways
Early week was bullish.
Midweek we failed below the EMAs and followed shorts.
The late‑week bounce is just a correction unless we get a fresh BOS up and hold above the EMAs with the black 50 turning back up.
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.
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.