Play on rejection of 200-day EMA after bulls fail to break the downtrend with tight stop loss.
Entry: 41,000
Stop Loss: 44,000
Target Price #1: 35,000
Target Price #2: 30,000
Target Price #3: 25,000
At each price target move stop loss to 10% over target value.
Reasoning:
First dip below 200-day EMA of the bull run. Sharp rejection possible.
Potential...
200 DAY MOVING AVERAGE HAS BEEN THE KEY FOR GOLD FOR A LONG TIME. WE HAVE REACHED THAT AREA TO BUY BY DECEMBER 15 IT WILL HAVE ALREADY STARTED THE MOVE UPWARDS
Any Elliott Wave people out there want to take a look at this expanded flat pattern, as we approach the 200-day moving average around 3000 on the S&P 500. Major bear market top resistance. What do you think is going to happen? Could be a dramatic overnight trading session and big important day tomorrow. To see if we stay in the bear market area, or cross over into...
- Bullish break of the 200 DAY MA on great volume.
- Currently consolidating nicely above cluster of daily candle closes back in Dec. '18 and April '19
- Possible Bull Flag Formation short to -mid term and ascending triangle pattern.
- Still possibility to Retest 200 Day MA confirm as support if BTC Dumps
