EMA200 4H flip and hold.

DATABTC over the last days has flipped the EMA200 on the 4HR. Invalidation for me is the 1HR 100 MA which is where the SL is set (just below).

Comment:

I have lowered my SL to 783, I thought the 200EMA would be higher if/when there would be a retest.

Let's see, fingers crossed.

Comment:

No disco party on this trade, when considering the trade again a week later the retest of the trend line was already completed on the diagonal (see 15th of May).

I still think the theory was OK and will try again. SL triggered at 783 (a mistake to lower it) so not too damage done.

Onwards!