With the latest move higher in price, but with falling internal momentum, the price should stall at fib resistance or 31 cents Fibo
Buy signal
Under the 55-EMA.. downside risk remains. Still like $5500 as long as trend is my friend.
Still keeping an eye out Fibo
I know the 55-weekly EMA is acting as support, but does this lower time frame foreshadow an upcoming upside move and helps solidify a low? Looks like it should. Thoughts? Fibo
Unless things turn around quickly I will be waiting for the highlighted zone to buy more spot. Fibo
I need to see 3 consecutive weekly closes under the 55-EMA or a close under the 61.8% level (7250) to make a call for 5k. A trade through the 55-EMA is not a definite break call for long-term. (see last wick go through and hold fib support) Still no cross on the ADX directional index lines. This is a long-term trend look. Happy Trading! Fibo
Buying here and at critical support and stopped if drops lower. Buying here and on a break of 9800 on a stop if price rallies. Not financial advice.. this all goes against my yearly long trades from dec 2018. Happy Trading! Fibo