Trickling Up With Brief Dips Till Mid February to Early March

Don't forget our MAIN point of resistance to come up next will be the 50 Moving Average in the 3-Day Time Frame. The 3-Day 50-MA is currently located near the upper boundary of our descending Channel (bull flag). We need the price action to break out ABOVE the 50 Moving Average in the 3-Day Time Frame and continue up to my PRIMARY 1.0 FIB at $9,948.98. If it can do that, we would have plenty of buffer for the price action to fall back down to the 50-MA in the 3-Day Time Frame. At that point is WHEN I'm anticipating the Green 50-MA in the 3-Day time frame to begin acting as SUPPORT instead of resistance.

Kommentera:

Kommentera:

IN CASE YOU DO NOT UNDERSTAND THE TITLE: What we see in January and February will only look like a "TRICKLE" compared to what we will see in March and April. I'm expecting HUGE Monthly candles in March and April, 2020.