Funny, was just going to post this and see you (Phoenix1) curious - just a coincidence if you believe in them.
I'm not going to play any bounces right yet. I'm going to see if any rally takes us through the 100 day EMA. We just crossed (under 10 day EMA) for the first time in a looooong time.
The 20 day or so EMA hasn't crossed and to be honest I have just played around with the 10 and 100 day - don't know that it is an accepted method.
The 10 day SMA has crossed under the 10 day EMA (slightly bearish) and that is accepted so I will still wait and look for strong confirmation of a reversal.
Regarding the hourly candles - well, the 4 and 1 hour are not doing anything and even the 15 min charts look the same. $100 is a key psychological barrier. And even if we break it, do we stay
above it for long? Next few days will be interesting and I'm curious is our WE dumper (and perhaps rescuer) re-appears.
I'm not going to play any bounces right yet. I'm going to see if any rally takes us through the 100 day EMA. We just crossed (under 10 day EMA) for the first time in a looooong time.
The 20 day or so EMA hasn't crossed and to be honest I have just played around with the 10 and 100 day - don't know that it is an accepted method.
The 10 day SMA has crossed under the 10 day EMA (slightly bearish) and that is accepted so I will still wait and look for strong confirmation of a reversal.
Regarding the hourly candles - well, the 4 and 1 hour are not doing anything and even the 15 min charts look the same. $100 is a key psychological barrier. And even if we break it, do we stay
above it for long? Next few days will be interesting and I'm curious is our WE dumper (and perhaps rescuer) re-appears.
Yeah, I think it will be tough to get and stay above 100 ... seems like it was just two big(ish) buys (6k) that pushed us up and now we are drifting again. It would not surprise me if we had another test of it again though, you know, while we're here, just another little push! But on the other hand there is no volume ...
Coincidence ... lol ... another name for connection my friend
EDIT : and the 15 min looks to be deteriorating now ...
Pure comedy. 
