Dear Reader,
If you've been following my posts with any interest, you may have noted that I presently side with the big ol fuzzy bears! However, I decided that a fresh point of view is much needed to find new perspective in the TA twilight zone where we presently find ourselves. Therefore, present this idea from a neutral vantage point.
Other than a resistance tend line drawn at $9000, I've used only EMA's to show S/R and it's worked out very nicely I think. A candle closing above the 9K overhead trend line or a candle closing below the 4800 EMA will affirm the next directional price movement.
Happy Trading!
If you've been following my posts with any interest, you may have noted that I presently side with the big ol fuzzy bears! However, I decided that a fresh point of view is much needed to find new perspective in the TA twilight zone where we presently find ourselves. Therefore, present this idea from a neutral vantage point.
Other than a resistance tend line drawn at $9000, I've used only EMA's to show S/R and it's worked out very nicely I think. A candle closing above the 9K overhead trend line or a candle closing below the 4800 EMA will affirm the next directional price movement.
Happy Trading!