The document provides guidelines for analyzing 15-minute candlestick charts to determine bullish or bearish trends based on the relationships between the TEMA 13, TEMA 30, and TEMA 50 lines. When TEMA 13 is above TEMA 30 and both are sloping upwards, it indicates a bullish trend. When TEMA 30 is above TEMA 13 and both are sloping downwards, it indicates a bearish trend. It provides entry and exit criteria based on the closing prices of candles in relation to the three TEMA lines and directions of their slopes.
The document provides guidelines for analyzing 15-minute candlestick charts to determine bullish or bearish trends based on the relationships between the TEMA 13, TEMA 30, and TEMA 50 lines. When TEMA 13 is above TEMA 30 and both are sloping upwards, it indicates a bullish trend. When TEMA 30 is above TEMA 13 and both are sloping downwards, it indicates a bearish trend. It provides entry and exit criteria based on the closing prices of candles in relation to the three TEMA lines and directions of their slopes.
The document provides guidelines for analyzing 15-minute candlestick charts to determine bullish or bearish trends based on the relationships between the TEMA 13, TEMA 30, and TEMA 50 lines. When TEMA 13 is above TEMA 30 and both are sloping upwards, it indicates a bullish trend. When TEMA 30 is above TEMA 13 and both are sloping downwards, it indicates a bearish trend. It provides entry and exit criteria based on the closing prices of candles in relation to the three TEMA lines and directions of their slopes.
TEMA 13 above TEMA 30 and both sloping upwards: (BULLISH)
ENTRY Price should be as close to Gann level
Closing price of subsequent candles should be above TEMA 13 or TEMA 30 Closing price should always support TEMA 30 Low can touch TEMA 50 but close should be above TEMA 50. Slope of all 3 lines should be upwards When TEMA 13 starts to plateau or slope downwards, o EXIT if close price of candle is below TEMA 13. o If holding longer, EXIT when TEMA 30 crosses over TEMA 13
Stock is trending downwards medium term then
Observe TEMA 50 and see that (high or close) price is facing resistance at this level If candle closes below TEMA 50, check if it is taking support of TEMA 13 first and then last TEMA 30 (EXIT if close below TEMA 30)
Stock is trending upwards medium term then
Observe TEMA 50 and see that (low or close) price is taking support at this level If candle closes below TEMA 50, then EXIT (if not EXIT earlier). One should only hold on till TEMA 50 level only if you are ok with the lower gains TEMA 30 above TEMA 13 and both sloping downwards: (BEARISH)
ENTRY Price should be as close to Gann level
Closing price of subsequent candles should be below TEMA 13. When TEMA 13 starts to plateau or slope upwards, o EXIT if close price of candle is above TEMA 13. o If holding longer, EXIT when TEMA 13 crosses over TEMA 30
Stock is trending downwards medium term then
Observe TEMA 50 and see that (high or close) price is facing support at this level If candle closes above TEMA 50, EXIT
Stock is trending upwards medium term then
Observe TEMA 50 and see that (low or close) price is taking resistance at this level If candle closes above TEMA 50, then EXIT (if not EXIT earlier). One should only hold on till TEMA 50 level only if you are ok with the lower gains