Looking at BNC:BLX
on the Weekly, we can see the only other time the 50 EMA
crossed the 100 EMA
. There was a quick retest and then it was off to the races. Those waiting for sub 5K for re-entry will likely be buying your bags, unless we have one more trip to the 200 Weekly EMA
around 4300 (which i believe is least likely).
My best guess is one more short squeeze up, followed by a quick fall to retest 100 Weekly EMA
and shakeout late longs and week hands.
Good luck out there and don't forget once it starts to BTFD! (Absolutely not financial advice lol)