Bulls Power, Bulls

Elder-rays are used both individually and together with other methods. If using them individually, one should take into account that the Exponential Moving Average slope determines the trend movement, and position should be opened in its direction. Bulls and bears power oscillators are applied for defining the moment of positions opening/closing.

Buy if:

• there is an increasing trend (determined with the Exponential Moving Average movement);
• the Bears Power oscillator is negative, but increasing at the same time;
• the last peak of the Bulls Power oscillator is higher than the previous one;
• the Bears Power oscillator increases after the Bulls divergence.

At the positive values of the Bears Power oscillator, it is better to keep back.

Sell if:

• there is a decreasing trend (determined with the Exponential Moving Average movement);
• the Bulls Power oscillator is positive, but decreases gradually;
• the last trough of the Bulls Power oscillator is lower than the previous one;
• the Bulls Power oscillator decreases leaving the Bears’ divergence.

Do not open short positions when the Bulls Power oscillator is negative.  Divergence between the Bulls and Bears Power and prices is the best time for trading.