***UPDATE*** it check out the chart I posted in the comments
we've now gone all the way to touch the 500EMA - something that hasn't happened in exactly two years!
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Looking back to the April 2013 rally, we saw the first deep pullback reaching to touch the 100 EMA line, then over months as the bubble corrected more slowly, a final touch of the 300 EMA line signaling the end of the bubble period and a new trend. November saw a similar touch of the 100 EMA at the deepest pullback -- even mirroring the behavior of the first candle fully piercing the line, and the second daily candle touching it precisely.
These parallels would suggest a corrective touch of the 300 EMA is expected, as if the price wants to "touch base" before moving on to a new consolidation period or even rally.
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Looking back to the April 2013 rally, we saw the first deep pullback reaching to touch the 100 EMA line, then over months as the bubble corrected more slowly, a final touch of the 300 EMA line signaling the end of the bubble period and a new trend. November saw a similar touch of the 100 EMA at the deepest pullback -- even mirroring the behavior of the first candle fully piercing the line, and the second daily candle touching it precisely.
These parallels would suggest a corrective touch of the 300 EMA is expected, as if the price wants to "touch base" before moving on to a new consolidation period or even rally.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.