They all float...when you're down here with me, you'll float too
I was watching the movie It last night and fancied this a fitting title :)
The 200-day EMA is getting tested today.
Do we close it as support and move upward? Or are we slowly deflating this balloon until everyone realizes its done floating for now?
This is the most bearish scenario in the event of a full-on market crash in the very near future. I am looking at other more bullish scenarios as well which I will post soon.
Purple lines - Monthly structures
Red lines - Weekly structures
Blue dotted lines - Daily structures
Orange thick lines - Potential formations
Green thick lines - Giant descending triangle
Black thick lines - Descending flag
Red thick lines - Potential bottom/top swing zones depending which way we go first
The 200-day EMA is getting tested today.
Do we close it as support and move upward? Or are we slowly deflating this balloon until everyone realizes its done floating for now?
This is the most bearish scenario in the event of a full-on market crash in the very near future. I am looking at other more bullish scenarios as well which I will post soon.
Purple lines - Monthly structures
Red lines - Weekly structures
Blue dotted lines - Daily structures
Orange thick lines - Potential formations
Green thick lines - Giant descending triangle
Black thick lines - Descending flag
Red thick lines - Potential bottom/top swing zones depending which way we go first