Bottom of Pitchfork!
Updated
Buy Buy Buy! For the last year and a half, we've followed the same upward trend and we always end up at the bottom of this pitchfork while making our way back up again and again.
Purple area is a buy signal and we're in it. Follow your buy through the green area and as soon as we touch the next purple area, you're faced with a sell signal and you will probably want to ride it out to the top. But if things repeat as they have the last year+, then, it's time to sell and start shorting.
Purple area is a buy signal and we're in it. Follow your buy through the green area and as soon as we touch the next purple area, you're faced with a sell signal and you will probably want to ride it out to the top. But if things repeat as they have the last year+, then, it's time to sell and start shorting.
Note
Approaching top of pitchfork. If we break higher than $1330 over the next day or so, we have the potential to launch into new territory. But beware, the pitchfork hasn't lied in the last year. Touching the top of pitchfork usually means we'll drop back down and we could do so rapidly. Be ready with your shorts.
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