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April 04, 2019, 10:29:42 PM

A time tested, very reliable TA indicator to watch is the daily 200 moving average. If price does not hold $4600 we are back in a trading range. If price tests $4600 and holds there is a chance we are in the beginning of a new bull market. Many momentum traders wait until the 50 MA crosses over the 200 MA to go long. That confirms the new bull market. They may miss out on some profits but the risk is lower and you can set stops tighter.