Looking at the 2 Hour 200 period EMA, it can be seen that it has formed a rising channel. In expectation of that, there are 2 possible outcomes, either the EMA will respect the current EMA pivot (in yellow) and price would become bearish or, PA would continue bullish and the EMA would create a new pivot (in blue).
The maximum divergences for PA from predicted EMAs creates potential short and long positions marked in purple.
Any thoughts?
The maximum divergences for PA from predicted EMAs creates potential short and long positions marked in purple.
Any thoughts?
So far the blue predicted EMA is the most reasonable candidate for price movement.
Any thoughts?