Currently consolidating between the 20+ 50W & 100W EMA. Had a fake out above this area a few weeks ago.
I expect we'll continue the chop between these two lines for a while longer before finally breaking down to the 200w EMA.
Historically price has wicked, or consolidated below the 200w MA - that would be the time to start accumulating for the next cycle.
I expect we'll continue the chop between these two lines for a while longer before finally breaking down to the 200w EMA.
Historically price has wicked, or consolidated below the 200w MA - that would be the time to start accumulating for the next cycle.
Trade closed: target reached