Some Recent 15m price action analysis with Bearish Three-Drives Pattern. I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100, and the Downtrend Line in place from September.
A correction may be on the horizon - keeping price action in a daily Bullish Butterfly that looks to have started developing around Dec. 15th 2018.
Bullish Butterfly:
Good Luck Traders!
A correction may be on the horizon - keeping price action in a daily Bullish Butterfly that looks to have started developing around Dec. 15th 2018.
Bullish Butterfly:
Good Luck Traders!
Trade active:
Bull clinging to the uptrend line. Last move was roughly 1D 22H, we'll see if this cycle repeats and another surge towards the SMA 50 and 100 occurs.
On the 12H Chart, the EMA 12, and 26 have crossed above the 50 SMA. The last time this occurred was at the beginning of the December rally towards $160.
On the 12H Chart, the EMA 12, and 26 have crossed above the 50 SMA. The last time this occurred was at the beginning of the December rally towards $160.