Back from an intensive week away due to work issues.
The snap shot we were left of 50 EMA ( Yellow) getting a 4H death cross with the 200 EMA (Blue) is still intact and actually consolidating the bearish picture, though there was a small attempt to cross back. Usually the price tend to attract back to the EMA's when they are father-away just to drop back again.
My position is still bearish, thought there is the 4H-daily and now the weekly triangle in the play, which is nested in the bear channel started in the topping of June. The bottom area of the triangle can give us a bounce up with the current slow grinding bearish aspect. The 4H TD had a 9 BUY, which was ignored and now is in a RED 3 count.
Keep open the eyes and safe trading folks.
The snap shot we were left of 50 EMA ( Yellow) getting a 4H death cross with the 200 EMA (Blue) is still intact and actually consolidating the bearish picture, though there was a small attempt to cross back. Usually the price tend to attract back to the EMA's when they are father-away just to drop back again.
My position is still bearish, thought there is the 4H-daily and now the weekly triangle in the play, which is nested in the bear channel started in the topping of June. The bottom area of the triangle can give us a bounce up with the current slow grinding bearish aspect. The 4H TD had a 9 BUY, which was ignored and now is in a RED 3 count.
Keep open the eyes and safe trading folks.
Trading and analysis are two different skill sets. A tiny percentage of traders possess both capabilities. TA, investor and Developer. Space engineer - CFA