Welp,, that developed quickly!
As you can see, it's been 21 days since we were rejected by the 200 week at ~$25,262, I've reduced all the noise on the chart so you can see the main levels.
What's important here is temperament. Sticking to the plan is the challenge. I will now accumulate continually below 21,300-21,600 level.
200 day MA is ultimate support, but the 20 week MA (blue line) is clearly acting as support.
As you can see, it's been 21 days since we were rejected by the 200 week at ~$25,262, I've reduced all the noise on the chart so you can see the main levels.
What's important here is temperament. Sticking to the plan is the challenge. I will now accumulate continually below 21,300-21,600 level.
200 day MA is ultimate support, but the 20 week MA (blue line) is clearly acting as support.
