observation
08/25/23: price action has fallen below the 5 (green) ema and broke through the 13 ema (yellow) and since recoverd and currently between 5 (green) and 13 ema (yellow)
current price action: 342.31
this is telling me that bears are now in control of price and are making moves to head lower. this is supported by the 30 ema moving average (purple) being above the 21 (red). which basically means that if we fall below the 30 ema moving (purple) we will head for the next biggest which would be 50 ema moving average (orange) followed by the 100 day moving average (blue). on the flip side if we hold the 30day moving average (purple) we will move up towards the next bearish order block (red brick).
08/25/23: price action has fallen below the 5 (green) ema and broke through the 13 ema (yellow) and since recoverd and currently between 5 (green) and 13 ema (yellow)
current price action: 342.31
this is telling me that bears are now in control of price and are making moves to head lower. this is supported by the 30 ema moving average (purple) being above the 21 (red). which basically means that if we fall below the 30 ema moving (purple) we will head for the next biggest which would be 50 ema moving average (orange) followed by the 100 day moving average (blue). on the flip side if we hold the 30day moving average (purple) we will move up towards the next bearish order block (red brick).