Deathcross avoided! Upwards momentum expected soon.

A deathcross is a TA term which describes that bearish momentum is likely to occur whenever the MA 50 crosses the MA 200 from above. We avoided this so called "deathcross" in the 4Hour Chart (for now at least, the MA did not cross).

I think this is the start of an extended wave 5 (light blue). Waiting for confirmation... -> Stay tuned...

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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Have a nice day :-)

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