The One Chart Pattern That You Must Trade What's a "first pullback"? This is just the first pullback after a significant price event. For example: - The first pullback after a trend line break. - The first pullback after a breakout. - The first pullback after break down (short). - The first pullback after any wide range candle. - The first pullback after a break to new highs EX: The first pullback after a trend line break. The first pullback after a breakout. The first pullback after a breakout EMA The first pullback after a break to new highs. The first pullback after a breakout from the range
Are you saying to trade the pullback or wait for the pullback to be over and then trade the breakout?
fyi: You guys do know that the first pullback is just market makers hunting for stop losses, yea?
PIP_Digger
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which ema do you use? I normally have 21 50 and 200 on my charts.. I know non of are the ideal but which one is the most closest to the accurate one?
DatTong
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@PIP_Digger, There are no accurate ones just the one that matching with how you use MAs for. For S/R, fair value, crosses, etc... I sue 78, 150 as a habit, not magical number
fyi: You guys do know that the first pullback is just market makers hunting for stop losses, yea?