Replies to post #46477 on ! Bouncers, Bottom Pinchers, and Knife-Catchers An

[SynthTrader]

I think the weekly chart on EEDG may be more helpful than the daily. It looks like the .008 range acted as support a long time ago, but in late 2011 and early 2012. But even back then, it broke below for a few weeks.



If it were me trading EEDG, I'd probably wait until that daily chart breaks above the 20-DMA and closes above for a day or two, flatting out that 20-DMA which is in a downtrend for a long time. It looks like the price has had a hard time breaking above that moving average:

[SynthTrader]

Well, that EEDG worked out great. Nice bounce!