PL,
We dont use all wmas.
Kolachi Method uses wma5, ema21, ema55, ema100 and ema200.
The ususall colors for Kolachi Template are:
wma5 (Teal, Dark Green or any color)
ema21 (Yellow)
ema55 (Brown, Cyan)
ema100 (Blue)
ema200 (Red)
It makes life easier if we follow the same colors bcoz subconcious easily recognizes patterns with same colors).
I am sorry but in your chart I could not recognize which emas you are talking about.Please post chart again with Kolachi Template so that I can easily recognize them and answer your question.
kolachi
Quote:
Originally Posted by Peace Lover
Thank you for your help and great work. My problem is when do I know that the price is going to stop on a WMA? Beside that the system works lovely wonders and if I can understand the Support & resistance levels it will help greatly.
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