the melancholy of a chartist, page-9

Thanks Sid very interesting. Thanks for your last response also. Do you think it's possible its just a swing trap abc during wave 3 as i think it still needs plenty of legs left in it?

I noticed you use 9 and 21 day moving av's any reason?

i am trying 10 sma and 30ema and have found this only the second retrace since the uptrend began.

Also noticed it touched to 50sma for the first time which is quite normal.

Look forward to your's and others opinions as I am quite new to this. TIA