Alienworkshop

$BA 200 Ma's Mimic 50 Ma's Cross - Heavy Bullish

Long
NYSE:BA   Boeing Company (The)
Posting again, I've been playing with curved channels trying to see how many taps the trends get on each line and see how "tense" the bends get and how they launch, break, or snap the price in any direction. Here we see the initial rally post Covid correction I have 1 50 EMA (green) and a 50 MA(red) to try and create a clearer signal for shorter term bullish conditions or simple upward movements. I also use the same mix for my 200's EMA (blue) MA (Red). notice how the 50's crossed, even the space they created and closed between each other. We see the curve channel tighten then drop to the lower channel and launch upward. In similarity we can infer that this is about to happen as the 200's are mimicking the same shape and space as the 50's did when they crossed. The candles dipped to bottom and were supported by the long term trend line, tested the recent lows trend line from and have a strong likely hood to break through. The 2hr and 4hr Stochastics maintain momentum, while the Daily has crossed with 2D & 4D making their way. Should be a massive October!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.