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TripTrap

09/09/21 11:49 AM

#22009 RE: Splendid88 #22008

Splendid88...just an idea. If we do close above the 250 EMA which is right around .4725 there is a good chance we might come back down in the next few days and test support there before moving higher. Of course who knows but it is a likely scenario as nothing goes straight up. Look at any daily chart and you will see once price is able to get above the 250 EMA it will often spike or come back down and test the 250 before going higher...but not all the time and that's the rub...

Anything could happen...