Yesterday's D1 managed to close above 200EMA however through the formation of a hanging man which sent price briefly to mid-1700s. Note changed from 4/1 to 4/2.
Recovery above 200EMA has occurred as 20EMA was able to hold support. Triggered momentum brought us back to 50EMA before resistance kicked in.
Current support is now at 200EMA with today's goal being a D1 close at or above 50EMA which is a bullish piercing point assuming current candle close is near 200EMA (+/-5).
Anything below could eventually send us back to mid-1700s. An expected average has been added at 1780.
Recovery above 200EMA has occurred as 20EMA was able to hold support. Triggered momentum brought us back to 50EMA before resistance kicked in.
Current support is now at 200EMA with today's goal being a D1 close at or above 50EMA which is a bullish piercing point assuming current candle close is near 200EMA (+/-5).
Anything below could eventually send us back to mid-1700s. An expected average has been added at 1780.
Comment:
4/3 goal closer to 1800 based on post candle close
