Same chart from a few posts ago. I was leaning towards the Blue line and failing the 50 weekly MA, however, so far the price action is following the Orange line. If so, then should be a slow trek upwards in December with a really good January. There are a couple stipulations that MUST be met with price action for this to follow through:
1. The weekly candle closes at least $350+ above the weekly 50 MA price (~$7,600+)
2. On the retrace from the $8,000 20 daily MA, it should retest and touch the weekly 50 MA and hold it.
3. If things can hold there and not break, then that should be the "Go" signal for most algorithms.
Good luck.
1. The weekly candle closes at least $350+ above the weekly 50 MA price (~$7,600+)
2. On the retrace from the $8,000 20 daily MA, it should retest and touch the weekly 50 MA and hold it.
3. If things can hold there and not break, then that should be the "Go" signal for most algorithms.
Good luck.