MMJ made-60% within 5 weeks. We are trading the second day below the EMA 200 - thats not really good!
At present the RSI could soon generate a buying Signal - he is still oversold.
But don`t Forget: We are in a classical falling-knife situation - there is still no bottom ahead...now it is important to recapture the EMA 200...above that Level we perhaps will see a countermove up to the 38,2 @ 0,49-0,52
At present the RSI could soon generate a buying Signal - he is still oversold.
But don`t Forget: We are in a classical falling-knife situation - there is still no bottom ahead...now it is important to recapture the EMA 200...above that Level we perhaps will see a countermove up to the 38,2 @ 0,49-0,52
Comment:
again testing the EMA 200
- this is the pivot decision point
Comment:
ist getting more and more dangerous, we should not trade below 0,32- here i exspect a tiny selloff
Comment:
still in the abyss