Another nice close off daily sends price above 200EMA causing an eventual 20-to-200 crossover.
Momentum has hit resistance at 1645 but may be better indicated by 50EMA crossover.
It's very possible at this point that we continue recovery (~1650) given the 3-green on D1 and prevention of convergence.
However we're still not in a 'bullish' position long-term imo. Crossing above the solid green line should be our next goal.
*** The lower solid blue line was removed from yesterday's post since it was just an alignment marker. The solid blue line at 1585 remains as a current/prior ST D1 close marker.
www.tradingview.com/chart/gDBkksfy/
Momentum has hit resistance at 1645 but may be better indicated by 50EMA crossover.
It's very possible at this point that we continue recovery (~1650) given the 3-green on D1 and prevention of convergence.
However we're still not in a 'bullish' position long-term imo. Crossing above the solid green line should be our next goal.
*** The lower solid blue line was removed from yesterday's post since it was just an alignment marker. The solid blue line at 1585 remains as a current/prior ST D1 close marker.
www.tradingview.com/chart/gDBkksfy/
