Dow Jones Bullish Mean Reverting
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.
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.