January 29, 2018 price fell below the 200MAand it did not recover until February 19, 2019. Right now price is hitting/testing the 200MA so this is what has happened. The move down was weak which is good and the move up is weak which it's ok, but not great. It looks though this line will be tested and re-tested, to be clear we can not close below this line or we are in danger of going under for a while. I am using the 20 Moving average as another indicator. If the 20 moving average (the green line, not to be confused with the green trendline) crosses decisively below the 200MA, we are going down a lot and for a while. I hope that we are testing, retesting and bouncing up and away. Stay safe and follow me to stay ahead of the curve.
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