SumoPullback

The indicator’s signals are created based on the best guide in the world of trading: “The trend is your friend, so FOLLOW the trend”. Please be aware that the pullback signals provided by this grand indicator are NOT normal pullbacks. They are the STRONGEST pullbacks that have the biggest potential for an explosive move. The potential energy of these pullbacks resembles the huge strength of a Sumo warrior, hence the name.

When there are both green & red clouds at the same time, the market condition is chop or uncertain. When it switches to green clouds only or red clouds only, a trend is likely to start. The thicker and steeper the cloud, the clearer and stronger the trend. When the cloud is narrow and lies horizontally, especially when there is a mixture of both green & red clouds simultaneously, the phase of the market isn’t clear. In such circumstances, it is a good idea to sit on hands (no trade).

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