Wedge 1, retracement after run up, break out of pattern using underlying support, bounce off 200 MA, 12/26 EMA crossover, run up
Wedge 2, retracement after run up, breakout of pattern using underlying support, bounce off 200 MA, 12/26 EMA crossover, run up
Wedge 3, retracement after run up, breakout of pattern using underlying support, 12/26 EMA cross over possibly coming, this time trading under 200 MA
200 MA major resistance but a break above is BULLISH to me - look for golden cross if bulls maintain control.
Wedge 2, retracement after run up, breakout of pattern using underlying support, bounce off 200 MA, 12/26 EMA crossover, run up
Wedge 3, retracement after run up, breakout of pattern using underlying support, 12/26 EMA cross over possibly coming, this time trading under 200 MA
200 MA major resistance but a break above is BULLISH to me - look for golden cross if bulls maintain control.
Commentaire:
Additionally, IF the initial test of the 200 MA is achieved but rejected, look to the 12 EMA for support - I suggest using RIPSTER EMA clouds during this retracement.
