Proper Moving Average Aligment

In the chart below we see price repeating a pattern. Notice the two blue circles. Both zones are a place where price paused and consolidated. The first circle the moving averages aren’t properly aligned. The slopes are pointing downward and the 50 ma is acting as overhead resistance.

Now if we look at the 2nd blue circle…notice the moving averages. The moving averages are aligning properly. I anticipate a break to the upside in next few days.

jnug123

 

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