Well folks, let's just get into it,
we see a clear bear flag building on the 4hourly-chart,
we got the 200-EMA as resistance AND the 100-EMA as support.
Furthermore the red line signals a clear past-resistance.
What do you guys think, will the 100-EMA give us support until it crosses the 200-EMA which could result in a breakout?
Or will the bear flag destroy our hopes once again?
Peace out!
Monsi
we see a clear bear flag building on the 4hourly-chart,
we got the 200-EMA as resistance AND the 100-EMA as support.
Furthermore the red line signals a clear past-resistance.
What do you guys think, will the 100-EMA give us support until it crosses the 200-EMA which could result in a breakout?
Or will the bear flag destroy our hopes once again?
Peace out!
Monsi