Price broke out of trendline, and rejected at 50 EMA (blue line)
Note how it hasnt been able to break above it since December. Price is at it again, the difference now it that the EMAs are compressing. That could indicate a bottom.
I want to see a daily candle closing above the 50 EMA then we can try to ride this from the bottom.
24.62 has been resistance for almost a month so i am interested to see what price does if it tries to break above it
Note how it hasnt been able to break above it since December. Price is at it again, the difference now it that the EMAs are compressing. That could indicate a bottom.
I want to see a daily candle closing above the 50 EMA then we can try to ride this from the bottom.
24.62 has been resistance for almost a month so i am interested to see what price does if it tries to break above it
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