Conditional long

20 mai 2019

200 EMA acting strongish price over the last few weeks have made many systemic attempts to break this but the bears have denied the bulls, however it is heartening to a cluster of supports due to some rangebound behavior. Supports at 9.80 where ema 50 sits and then another support at around 8.80-9 which was the april 15th low and closing price respectively. If 10.40-10.50 breaks decisively our first target will will be between 11.29-11.70 where 11.20 was the swing high made on 25th Feb which was coincidentally a rejection of the 200 ema resistance, 11.70 is a crucial level as well as it was the closing price on oct 24th 2018 which was one candle before the relentless downtrend began

24 mai 2019

Commentaire

next major support at 8.98 markets dragging down everything formation of a golden cross is in question now