REBOTE SETUP In this article I will describe another of the many ways to analyze bounces on a line, such as an exponential average. In previous articles we saw the Setup EMA, which also consists in trading the rebounds of the price on an average, although the methods of defining the trend and then the entry method are different. I will refer to the bounce line as the EMA (Exponential Moving Average), although the setup is valid for any line. The concept of bounce is clear; If the price is above the EMA, we want to buy when the price touches the ema. It only remains to define from what moment we start to be interested in buying, and then, in what way we enter the market. In the Rebote Setup, I made the decision to count candles that are not touching the ema and that are also a minimum distance away. Example : In this chart we look for the bars not to be touching the bounce line for at least 5 candles and as we see, not necessarily in a consecutive way. ...
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