Bullish price action after a rebound on the bottom of a Keltner Chanel. Once the bullish bars cross over the 9ema (red line) the bullish trend will continue when bullish bars following bearish bars will exceed the tops of their previous bars. A stop/loss can be placed 20 points below the last bearish bar’s low.
Below another example of a higher top of bar (see arrow) to previous bar. Again prices rise after a retracement with a clear low that can be used for stop loss placement during afternoon trading.
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