EMA (8,24) Cross-Over Analysis
Every bearish EMA (8,24) cross-over for the entire past year has resulted in a major dip or correction. On the current 1D chart we are approaching an EMA bearish cross-over for the second time within this current correction, which follows the same model of the two bearish cross-overs for the previous June/July correction.
Cross-Over Dates Marked on Chart
- 1/11/17
- 3/16/17
- 6/29/17 & 7/9/17 (June/July correction - same formation as current correction)
- 9/12/17 (September correction)
- 12/29/17 & - 1/13? (current correction)
Every bearish EMA (8,24) cross-over for the entire past year has resulted in a major dip or correction. On the current 1D chart we are approaching an EMA bearish cross-over for the second time within this current correction, which follows the same model of the two bearish cross-overs for the previous June/July correction.
Cross-Over Dates Marked on Chart
- 1/11/17
- 3/16/17
- 6/29/17 & 7/9/17 (June/July correction - same formation as current correction)
- 9/12/17 (September correction)
- 12/29/17 & - 1/13? (current correction)