Good,
But the three EMA are behaving normal no?
The pink one (small one) went up and it's rising so it should be a good sign no?
Can you clear that up?
Thanks :)
Childrenofmen
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@sarquax, hi, they went up because of the trump rally, it was flatting out before that longer term.
Most likely we have a broad correction next weeks (few %) and it will flatten out more.
Ema on this chart is a 30 day one, so its perfect for monthly referance (1 month options) but thats it.
Its natural the 30 ema goes back towards a same curve as the larger ema's.
@BBtrade618, Hi,
Monthly highs pivotpoints connected creates 2 trendlines on the top.
We are at that lvl now.
The rising trend on monthly (red) can act as a resistance zone for a short term breather sideways or correction.
BBtrade618
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@Childrenofmen, thanks, I learned something new from you. I'll watch this closely coming weeks. Good post!
But the three EMA are behaving normal no?
The pink one (small one) went up and it's rising so it should be a good sign no?
Can you clear that up?
Thanks :)