OK so long term the 200 week and day MA has been the only MA I use as an indicator 😅 before recent times we never closed a weekly candle below it.
The blue area is anything under the 200weekly.
Either way we recently broke above it (very bullish!!!) However we need a retest. If we are going up again it will surely be a bounce from this line? Thats if it finds support...
If we break below it, prepare for bearish volatility!!!