A shift in momentum triggers MACD convergence dropping us back within the prior ascending pattern; resistance has been adjusted per 3/13 post.
Consolidation can be noted between one of the long-term trendlines (purple) and 20EMA while the red line, or current 50EMA, still serves as a critical marker and average.
Dipping below yellow support may be indication of a cycle change from bullish -> bearish . Refer to yesterday's D1 chart for clarification.
Consolidation can be noted between one of the long-term trendlines (purple) and 20EMA while the red line, or current 50EMA, still serves as a critical marker and average.
Dipping below yellow support may be indication of a cycle change from bullish -> bearish . Refer to yesterday's D1 chart for clarification.
