The Weekly 21-EMA is No Longer Precedent. Time for New Precedent

I went on to explain in this publication WHY CLOSING BELOW the "Weekly" 21-EMA should NOT be the "precedent" to determine if we are to transition into months of a bear market. We are currently about to determine WHAT IS OUR NEW "PRECEDENT." Will it be the Magenta 80-EMA in the 4-Day TF? Will it be the Yellow 90-EMA in the 4-Day TF? Will it be the Green 110-EMA in the 4-Day TF? It's currently looking like it may end up being the 80-EMA in the 4-Day TF. We will find out soon enough.

Yorum:

PRECEDENT - "An earlier event or action that is regarded as an example or guide to be considered in subsequent similar circumstances."