It hasn't dipped below the 50 MA line yet, but is that as important as the 20 MA?
Also would you classify as a head and shoulders?
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It hasn't dipped below the 50 MA line yet, but is that as important as the 20 MA?
Also would you classify as a head and shoulders?
Doesn't classify as a H & S cause right shoulder is higher than head. it didn't fall under the 50 MA yet but the fact that is below the 20 MA signals possible consolidation. If it doesn't make it above MA one or two candles actually closing above I won't enter personally.
Are they 1hr candles?