hug that bear

1 thg 1, 2017

If you pay attention to the longer time frames you will realize the breakouts that occurred on the daily time frame 200 sma and also the cross over thats bound to happen with the 50 sma. This shows that the bears are still in control and the trend is going down. The 50sma is below the 200 day moving average on both the 4hr and weekly which to me is an indication of who has the most power as of now. My target would be 0.68070 for take profit before any reasonable reverse into a bull movement.