Hello.We are in a primary downtrend since 9/2013 with lower highies.Now the market go to establish a new high lower than others(red trend line).We should notice 2 resistant points A and B.From MAs 10,30 we should stay still out waiting the 2 MAs to cross each other.When blue MA go above of the green MA start the trading(which mean that the markup stage has been established for sure).As the price go to pick up the first resistance point (A) we shoulb be aware not to see a reversal point( if A is reversal point just stay out for a little to watch the market).If price go above A point it means that we are going to catch a new resistance level(point B).Here we must be aware for MA200 .As the price is above the MA200 we should watch very carefully the market because we will be near the red trend line, which means that the market is going to reverse.
Thanks!
Thanks!