can weekly 50MA flip to support? Crucial to avoid a correction.

23 Apr 2019

must keep a very close eye on this weekly 50ma we are now above...it can easily still get rejected and even though we are above it at the moment until we sustain it as solidified support it has great potential to ultimately reject priceaction and send us back down for what will likely be higher low...how far down that will be is hard to say but it can drop quite a bit and sill become a higher low after all the bullish priceaction we've had the past couple months. Be cautious and wait until you see the 50 week solidify as consistent support before putting the bull blinders on. Either way we can tell the bull market is very near.