A thread on how to identify the trend also possibly trade it easily using Heikin Ashi candles wrt to Multiple Timeframe Analysis.

Will be illustrating it on #banknifty chart.

#Retweet if you gain something from it!

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1. Use 50 ema to gauge the trend on the higher TF, used as daily in this thread
2. Wait for a pullback to the ema on smaller TF like hourly and a color change towards the main trend

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Banknifty trend decisively towards the lower side as confirmed by the red heikin ashi candles.
Also below 50 ema.

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Any pullback to the 50 ema could have been used to take advantage of the main trend.
Remember to wait for a solid no wick heikin ashi candle change.

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This can be used with any timeframe, just make sure to patiently wait.
Works very well with daily/hourly, hourly/15 mins.

Can also use the same for investment purposes with a monthly/weekly TF.

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