50-Day MA Crossing 200-Day MA Does NOT Necessarily Mean DEATH.

I know many who use Moving Averages (MA) are concerned with the price action currently remaining below the 200-Day MA. Many are also concerned with the 50-Day MA inching ever closer to a potential "Death Cross" over the 200-Day MA. Even if the 50-Day MA crosses over the 200-Day MA, it does not necessarily mean we will experience "DEATH" in the price action ;as witnessed in 4th Quarter of 2015.

When looking back at September to November of 2015, we can see how the 50-MA crossing over the 200-MA was used as an opportunity by the Composite Group(s) to "shakeout" week hands before finally taking it up into a prolonged two (2) year bull trend. Did the price action fall below the previous low in 2015 "after" the death cross? NO... We actually reversed shortly thereafter and slowly began our long term bull trend.

Don't be surprised if the price action remains below the 200-Day Moving Average (MA) until mid November, 2019 before we finally begin our long term bull trend. It's still POSSIBLE (based on indicators) for the price action to begin going up sooner than mid November. However, based on 200-Day and 50-Day moving averages; they may decide to use this as a means of lulling in margin shorts to begin squeezing them by mid November. Which would also mean we remain below the 200-Day MA a similar length of time like the end of 2015; which was 53-Days.

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I'm looking forward to seeing what the indicators look like in the 12-Day TF once a new 12-Day Candle begins in approximately 7 hours 50 minutes from this writing. I'm not sure if the indicators will head down more, go flat or turn up. If it goes down more or goes flat, that would certainly be a NEW indicator pattern never seen before in the 12-Day TF; when comparing to history.

I'll provide an update shortly after we have a new 12-Day Candle.

Stay Awesome!

David

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We actually have a NEW 4-Day, 6-Day, 8-Day, 9-Day and 12-Day candle to begin in approximately 7.5 hours. Looking forward to seeing what the indicators look like in all of them. I want to encourage you to go to those time frames as well to see what the indicators look like before they change with a new candle in order to potentially learn something.

Cheers.

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Do NOT assume I'm saying we are going down to $6,787 with the following chart. All I'm pointing out is that price would be our target "IF" we were to fall significantly below the 31-EMA in this 11-Day TF.

11-Day TF:

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what the 12 Day looks like now:

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What the 12-Day looks like AFTER the change into a NEW 12-Day Candle:

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Remember, we also had a NEW 4-Day, 6-Day, 8-Day and 9-Day just begin as well. I'm going to wait for a couple of hours to pass before creating a new video publication covering those time frames with new updated indicators.

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I preferred to wait for a full 24 hours to pass into the first 4-Day 9-Day and 12-Day time frames before providing a new publication. Which means I'll provide a new video publication later this evening after this current Daily candle has completed.

Yes, I have changed my username on TradingView from ProwdClown to WyckoffMode. The reason for changing my username is to match my website coming online in the near future.

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Still waiting on a new Daily Candle to begin before providing a video publication update. Simply pointing out with this 3-Day TF we need the White 200-MA to "hold" to continue in a "bull" market. It would not be good if we had a 3-Day Candle "close" below the White 200-MA. I would be extremely surprised if we were to close below it. I'm simply pointing this out. We may not even go down anywhere near it. We may find out more when I do the video after I eat.

It's my turn to fix dinner. Going to cook some sautéed chicken in olive oil with red and green peppers and special spices; along with some rice and a couple more vegetables.

See ya soon!

Stay Awesome!

David