the 20MA (weekly) was proofed as resistance, fits also with the 0.5 weekly fib. when we broke the 20 weekly ma to the downside in january 2018 we stayed below it for a long period of time. how will this play out this year ? the 100 ma works as support now (fits with the golden pocket zone 0.618fib). but it also can be seen that the 100 ma tries to flat, hopefully...
this fast move up in such a short periode of time came out of nowhere, not technical driven. after this huge move the last days u should take a look at the rsi. everytime this rsi was so high it was followed by a huge drop . maybe i'm completly wrong but we will see how this manipulation goes on. always play safe !
nothing to say here - let the chart speak. the game is manipulated, we all know. good luck for u. huge thanks to snookerer. follow him here on tv.
the 0.236 fib has a huge support. should hold. if not: blue lines