Looking good for a nice landing on the 50 MA on the 5 min chart or 20 MA on the 15 min chart and gaining the support on the 200 MA
Testing the support to make a double bottom now... still great pricing in my opinion
it really should hold here or we may have some concerns...
Just a few more minutes until the launch and we will see more velocity in an upwards thrust. Last chance to increase your positions at a good price.
It's struggling a little bit here to turn the 200 MA around. This moving average is like a 747 plane compared to the 20 MA being like a fighter jet. So many things to consider when charting. The downward force of the 200 is crushing the wave downward a little bit delaying the rally. It will take a little more time. Don't panic here.
@Detri4228, no I'm just a regular working stiff. I work in a mining camp in Northern Canada 12 hour days so I'm not always at my office desk but I try to keep an eye on things. For me I have just learned to exit out of a position and wait to get back in. Sometimes I have to leave a little money on the table... but I just don't like stops. But if I really had to I would use them.
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