Short-Term Trend - Bull/Bear Market The short-term trend is determined using the direction of the daily 20-EMA. This can be taken one step further by adding in the 5-EMA and following 5/20-EMA crossovers If the 5-EMA crosses above the 20-EMA it is a bullish short-term trend change. If the 5-EMA crosses below the 20-EMA it is a bearish short-term trend change.
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