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.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
coolhat, In April, price was
Copper Updated
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.