We've been in a strong pullback which we are nearing the 50 EMA which I do believe we will bounce off & continue moving in the Uptrend. If we do we will see a slight pullback then a nice spike heading into the weekend.
If we do fall below the 50 EMA we may retest the previous resistance at .020 then see a Consolidation phase unfold heading into the weekend.
As you take a look at the RSI it indicates we broke through the top of this Bearish downtrend & set for a retest phase.
Next we need to pay attention to the retest, if we're able to retest the wedge then continue this uptrend & look for a bullish trend to establish itself. Or if we will fall below the wedge & look for our resistance at .019, if we do break that...
