Steps 1 & 2 complete! Working now on Step 3: 50 EMA.
Nota
Price reversed course upon testing Step 3 (50 EMA) and is now back under the neckline (Step 2) and falling into the support zone once again. If price doesnt bounce with conviction soon, it's likely we test the lower end of support in the short term.
Nota
Price just burst through Step 3 (50 EMA)! If it holds, we are heading to Step 4 (200 EMA).
Nota
Step 3 failed. Sent price back and retraced down to the support zone last night. Broke through support zone today now turning it into resistance! 200 EMA (Daily chart) resting currently at .78 should provide some resistance. Be careful out there... low volumes on exchanges are causing news to have significant swing effect on short term prices.
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