Thanks @itchy15 your welcome..this is a great starting point for doing any TA imo..I`ve been doing it a lot lately..the "Golden cross" is a 2 moving average crossover of the 65 and 200 ema`s, this locates a long term change in trend, and because of its lagging quality it also happens to be around the retracing Elliott wave 2. this is great because it gives plenty of time to use short term TA to asses a bottom here around the 50-62% Fib levels in prep for the next wave 3 up...(wave 1s are mostly for insiders and day traders so we forfeit that one and look for wave3).![]()
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1 | 450 | 1.780 |
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