EMA - 8

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In panel 2, the mechanical buy signals generated at "H" and "I" are excellent trading cycle buys following the adage of -- "Trade in the direction of trend; if up, buy the dips." The buy setup bar at "X" could also be taken as a continuation signal.

The red EMA turns down at "J" indicating congestion or a downtrend, and the buy signals following the blue setup bars would not be taken until "K" when the red line is at a critical level, and at the end of the "beak".
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