HIMS - The Full MonthyNo, no weed involved in this analysis.
As I said before, sometimes chart analysis is simple. But sometimes we need to extend it, combining all our knowledge to find the facts.
Let's see what we have here:
1. The white Fork.
...it's crazy, isn't it? ;-)
It looks like I was looking to fit it somehow.
But the truth can't be farther away. If you understand the principles behind this tool, WHAT it really measures, and what INFORMATION it really provides, then you get it, why this Fork is drawn like it is.
For the non Forkers:
a) Forks measure extremes, cut swings in upper, lower extremes and show where the center is.
b) they project the most probable path of price.
The A-Point was the old high.
The B-Point was the lowest low.
The C-Point is, where we had the last low, after the High was breached. So, in essence, it's a very stretched Pullback-Fork.
2. The slanted grey lines:
They just bring the natural Swings to light, and project them into the future. That's it.
I'm not going into the the minor drawings here, since they are self explaining. Just give yourself a little bit time, watch the Chart from a distance, and let your thoughts flow.
Any trades here?
Let's observe and trade from one extreme to the Center and beyond...
