After seeing a massive rally, the correction is underway. Price breaks the Daily 10-EMA in dramatic fashion,
printing a huge swing-low, leaving a large wick in the wake of the move down. However price snaps back
and finds resistance and bounces off the (DAILY) 10-EMA. You then have the next move down, price making a lower
low with the next pull-back again finding resistance at the 10-EMA - making a Lower High. This is evidence
that the bears are in control.
I would consider only shorting for the time being, until price is able to break back over the 10-EMA and make a
new higher-high after the break.
Good Luck!
printing a huge swing-low, leaving a large wick in the wake of the move down. However price snaps back
and finds resistance and bounces off the (DAILY) 10-EMA. You then have the next move down, price making a lower
low with the next pull-back again finding resistance at the 10-EMA - making a Lower High. This is evidence
that the bears are in control.
I would consider only shorting for the time being, until price is able to break back over the 10-EMA and make a
new higher-high after the break.
Good Luck!