Fundootrader,
These are Reno charts, not Heikin.
If you note, if one has patience and discipline to
wait for the signal,
and avoid impulse, Renko can show the trend.
Signal Long : 4EMA > 10 EMA with a green bar. Reverse for short.
AVOID trades in between.
Current setup does not dictate long (atleast for swing trade), whereas for intraday, these rules do not apply.
thanks to intro to these charts by you - have helped a lot specially heikin charts by removing lot of noise
Renko still learning - does this one means that downtrend over as per it and we can expect an upmove ?