Use MOVING AVERAGE/EXPONENTIAL MOVING AVERAGE (EMA) study in the CHART and set to PERIOD 8 (open).
Use 1 MINUTE CANDLESTICK.
ENTRY POINT is when GREEN candlestick OPENS ABOVE UP-TRENDING EMA LINE from a transitional swing (trending up & no previous succession of green step candlesticks).
STOP LOSS is when candlestick crosses below the EMA LINE from a transitional swing (trending down).
EMA usage determines best entry point and stop-loss.
OPENING BELL STRATEGY
Due to high volatility at opening bell, use a 2-3 GREEN (step) CANDLESTICK indicator to increase probability of success.
