The white Pitchfork was guiding us to the Center-Line. As so often, price is turning at this level, just to reach the opposite side.
It's the same game every time.
Just follow the rules, apply a good risk and money management.
The down-sloping red Fork projects the current most probably path of price to the downside. And of course our profit target, which is the red Center-Line.
The signal is the break, the close below the shelf, the tiny support, marked by the petrol horizontal line.
Trade wisely, trade without attaching your emotions. It just is what it is, whatever the outcome will be. Knowing this, you can embrace inner freedom in trading.
It's the same game every time.
Just follow the rules, apply a good risk and money management.
The down-sloping red Fork projects the current most probably path of price to the downside. And of course our profit target, which is the red Center-Line.
The signal is the break, the close below the shelf, the tiny support, marked by the petrol horizontal line.
Trade wisely, trade without attaching your emotions. It just is what it is, whatever the outcome will be. Knowing this, you can embrace inner freedom in trading.
Note
Not much to say, other than: CL is target §8-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.