Market MATH
14-May-2024: Market bounce confirmed. Risk ON mode. LFG
MATH: Momentum Anticipation and Trend by Homma:
As technical traders, We
“Anticipate, but confirm. Wish, but only react.”
Watch this detailed video to learn the important variables to look for during a market bounce.
Trend:
Trending Up.
Crossed the 5DMA back up.
Momentum:
Crossed the 5DMA on 10 and 20-day Timeframes and the ADX momentum plots as well.
N500:
Bounced off the Channel Bottom as anticipated
Anticipation:
A rally towards the channel Top (resistance).
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