Simple Chart! Simple idea!
Using the weekly, you can see that price is trapped below the 15 MA. As long as price remains below, then it's my opinion that price could still drop lower! Moving forward, you'll want to be aware of the 15 MA (weekly), once price conquers that moving average, it's GAME ON!
Cheers!
Using the weekly, you can see that price is trapped below the 15 MA. As long as price remains below, then it's my opinion that price could still drop lower! Moving forward, you'll want to be aware of the 15 MA (weekly), once price conquers that moving average, it's GAME ON!
Cheers!