Wait for the expansion back into the swing before getting long price will pull back into the major impulse leg make its pivot and expand out for new high but to be sure target is at the Median Line for 3:1 trade Stop is a cash Stop and is 30% of the reaction leg of the swing Trading Continued Behaviour
gbpchf - short, 1h, upper median line+ resistance. short till the med median line. gbpchf - short, 1h, upper median line+ resistance. short till the med median line.
EURUSD 1H Mod-Schiff retest X= last structure support B= price breaks structure Once B prints we look for a pullback to create C C= Is this the pullback? Add the Mod-Schiff set to see if we get some frequency. D= A strong test and rejection of the UML. Place immediate sell order. This can be at the UML (1.0734) or slightly in front of it depending on your...
Counter Trend Median line trade. Any tests of the LML needs to show a strong rejection with signs that buyers are showing up. A grinding sideways movement usually signifies that price has just paused before continuing. Taking counter trend trades on weak tests will deplete your trading account quickly. A red WRB probes the LML after the recent low. Price zooms...
Price is Pulling back from the low in REACTION LEG of Swing. Price is Pressing higher into the 2nd half/Growth zone of the Reaction Leg. Trading a quick Long into the High of the Reaction Leg. Price is PUSHING so Buyers will be quick to exit if Price starts to eat back into their position . Keep STOP tight and look for a 3:1 trade up into the Stops of the Sellers.
Buyers and Sellers are keeping price in a Range Buyers are holding at the low Buyers step up Buyers get washed and Pivot is created Buyers step back up and take price higher Buyers are turning price up Looking For a Double of the Range
Price is Ranging and Buyers Stepping up Trading for a double of the range
Using Contraction/Expansion Principles and Median Lines, Price Action can be projected NOT predicted Charting the Potential course of Price
Provided QM/CL Futures continues to FLOW in it's current behavior, price action is projected through use of Median Lines and principles of expansion and contraction, supply and demand
Price has not reached the bottom line parallel. There is a very high Probability that price will make back to the median line. Good Luck.
NASDAQ:SOFI intra day is trading at >$16 as I type this. On December 10th SOFI was printing below $15.46 Since then, it has tested the $15.46 level twice since its initial drop below that level (a 20 calendar-day period). Lets back up in time some for context: On Nov 11 SOFI printed intra day at $24.63 Since then, SOFI has been trending downward and has...
#DAX keeps following the downsloping fork. Currently the price rests at the resistance. Is it ready to bounce back yet? We need more evidence for that.
If bulls take over, we'll see a rally up to the Andrews Median Line, which coincides with the resistance area at around 15 600.
The previous support has turned into a resistance, presenting a shorting opportunity.
In this publication I show a drawn up trade that is currently open on my account. I use the principles of price action, where price is in extremes through expansion and contraction. NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows. Before every trade I practice a...
H4 13CCI crossed down thru an up-trendline on the CCI. Given that, the entry short on EUR.USD is immediate for experienced eyes, or as soon as CCI came below +100 on CCI for conservative traders. The price now is on S/R going back thru July, and is on or close to a median line for pitchfork starting Aug 18, depending on your software. The S/R area may hold price...