Notes on chart, but.. in short, I anticipate this to be the short term topping pattern. I would be surprised if we proceeded to the 50 ma (263ish) at this time, and instead looking at 1/10 as the top and expect a move back
to the 20 ma on loss of support of the 5. IF the 20 can hold as support and start to round up, then I would be more inclined to look more positive on a base. At this time, I am not convinced but will just stick to plan and stops
accordingly. Just my thoughts.
to the 20 ma on loss of support of the 5. IF the 20 can hold as support and start to round up, then I would be more inclined to look more positive on a base. At this time, I am not convinced but will just stick to plan and stops
accordingly. Just my thoughts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.