Wanted to post this before I headed to bed to say that this is a key point. GANN put a lot of emphasis on .50 and as you can see we are at that point since the most recent low and we are on the 1/1. It is at this point that the side that wants it the most will show up and it will be a significant move in their favor.
I am leaning more towards up as we have the support of the EMAs under us on the 4HR. Also, the 100 EMA is above to get under the 55 EMA to provide some significant support.
Finally, the light blue dashed line is historically been a support and resistant since the push to the 400's.
That being said; the daily and weekly are better looking than a few days ago, but need work.
Just my opinion, not advice.
I am leaning more towards up as we have the support of the EMAs under us on the 4HR. Also, the 100 EMA is above to get under the 55 EMA to provide some significant support.
Finally, the light blue dashed line is historically been a support and resistant since the push to the 400's.
That being said; the daily and weekly are better looking than a few days ago, but need work.
Just my opinion, not advice.
