until we are above 50 EMA we remain in downtrend, and all bets are off. Once we do that then we have $12K resistance to worry about. It will be a long struggle, we will cross the bridge when we get to it...
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sounds good, also what is 50 EMA close? On the photo it says 9829 is that suppose to be the new support?
It is 50 Day Exponential Moving Average based on the "closing" price of the bar. Currently it is 9833, but it changes as we print new bars. Price is below that, so it is resistance.