Done a comparison with rally from February $6,000 low. Sideways movement has knocked out a number of my Bollinger trend lines. I've included a green trend line from the 4 hour chart to help confirm a new upward leg as the 2hr one resulted in sideways movement.
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Just adding note from my last post for the week ahead. Have removed price channel. New low of $8,311. New retrace 50% = $8,680. Price for now couldn't hold above 20 MA. Anybody for H & S or more sideways movement. Media concerns perhaps about daily moving average crossover if you follow 50, 100, 200 MA's.... What's going to be the creature's strategy? Change of habit (or not)?
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Just adding note from my last post for the week ahead. Have removed price channel. New low of $8,311. New retrace 50% = $8,680. Price for now couldn't hold above 20 MA. Anybody for H & S or more sideways movement. Media concerns perhaps about daily moving average crossover if you follow 50, 100, 200 MA's.... What's going to be the creature's strategy? Change of habit (or not)?