coolhat, In April, price was able to REGAIN it's 20 day MA but
on this most recent attempt it FAILED. I have discussed this
in prior newsletters so hopefully that answers your
question.
Thanks, Steve. So, while there was an a-b-c pullback in April,
the price regained the 20-day MA after a brief consolidation
whereas, now it did not yet. Is it possible that after some
consolidation here, the price may regain20-day MA?
Sure but it will likely take some time after a DECISIVE break.
Respect what is unfolding on the charts and adjust as
necessary when the evidence supports.
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I am trying to understand
Copper Updated
Posted by coolhat on 15th of Jun 2021 at 05:16 pm
I am trying to understand how this 20/50 squeeze different from Apr 12th?
coolhat, In April, price was
Posted by steve on 15th of Jun 2021 at 05:18 pm
coolhat, In April, price was able to REGAIN it's 20 day MA but on this most recent attempt it FAILED. I have discussed this in prior newsletters so hopefully that answers your question.
Thanks, Steve. So, while there
Posted by coolhat on 15th of Jun 2021 at 06:02 pm
Thanks, Steve. So, while there was an a-b-c pullback in April, the price regained the 20-day MA after a brief consolidation whereas, now it did not yet. Is it possible that after some consolidation here, the price may regain20-day MA?
Sure but it will likely
Posted by steve on 15th of Jun 2021 at 06:26 pm
Sure but it will likely take some time after a DECISIVE break. Respect what is unfolding on the charts and adjust as necessary when the evidence supports.