Dow Jones Bullish Mean Reverting
E-mini Dow ($5) FuturesCBOT
Description
⋅ The Hourly Chart's 200sma is the same as the Daily Chart's 21ema
Price is mean reverting back and forth between the mean
Price is above the Hourly 200sma/ Daily 21ema, Bullish
Price does not respect the Hourly 21ema and trades back and forth between it.
The Hourly 21ema is the same as the 5 Minute's 200sma
The 5 Minute mean reverting back and forth above the Hourly 200sma. It seems to me that each move in the extreme position should not be trusted
I need to figure out when a move will continue with the 5 minute 21ema or will mean revert back to the 5 Minute 200sma.