Is obviously the daily 200 EMA
, it is a re-known support and resistance
. The 200 Daily EMA
is a good indicator of whether we are bullish
. Now that we've been hovering below it for 3 days it really shows how strong of a resistance to hold us down for three straight days. This is the time where we either break for a run to 11.6k or we fail to break and make a retest of uptrend line we bounced off. Tight stoplosses on current trades should be held.