Given the nice turn at the Center Line, we have a new target for the IWM: L-MLH...at least IMO. The yellow pitchfork is here to see, if the ongoing flow, the direction will change, and if the momentum is increasing or not. If not, price will trade outside the U-MLH. Otherwise we will see a fast and hard drop.
ForkTrading leads us to the right direction. Here we see how Gold respected the Centerline so far. If Gold is closing the week above the Centerline, I expect the next station to be the Upper-Medinaline-Parallel (U-MLH). P!
The breakout of the U-MLH (yellow) set the tone for Gold. Now, with this scary pullback, many long positioned traders get stopped out and positions change hands I will stalk a entry long as soon I see some stabilisation at the U-MLH. P!
Not much to say here - if it can break the actual pressing, then we probably will see RUT climbing to new highs. The downside seems harder to break, since we can see lot's of support. However - neutral to light skewed positions are not a bad idea IMO. --------------------- Hier gibt's nicht viel zu sagen - Schafft es der Markt das aktuelle Pressing zu...
Two times Hagopian. Now at the lower medianline parallel (L-MLH) and back into the zone from where it broke out. Let's see if we can find our entry. Observation Bots send't out §8-) P!
Price gapped up to the seller zone to the tick. Even price made a hagopian, means that price did not reached the centerline, I bet on the short side since C. is respecting the Medianlines so good. P!
Here we are at the U-MLH. Do we turn again south from here? Dunno... What I really know is, that price will reach the centerline over 80%. So, from the perspective of the whit, upsloping fork, I would not initiate a short trade with a longer term perspective... So lets just observe how price closes. Above the blue U-MLH or below and how support will come in...
As bevor in 2015, price bounced twice on the ceiling. The tiny support is not really something, but it is kinda confirming with the last down Bar. From here the pullback shall happen so we can enter short or buy more Butterflys for a soar into profits hehe... Happy new week to all. P!
Expecting price to hit the L-MLH. P!
So here we are at the lower ML-H. Tis is the extreme according to the movement of this product. I highly expect a potential slingshot up to the Centerline. Happy Christmas & Peace!
The lower extreme is met. Now we have a high potential to turn and go north. Sold 2 puts and bought 1 call with 109 DTE.
I just think "short" when I see such moves up. ...but have to keep in mind, that markets can go up infinite. Chances to reach the centerline is very high.
Altough price was in a hurry, it failed to reach the centerline, broke below and now we see the textbook test. Even a retest (a second one) is possible, bevor heading south. ...trend and flow is still up - not even a prior pivot low is broken...so I have to play it small when shorting the retest.
The GBP is the strongest currency of all the majors, although the CHF is not particularly weak. But the GBPCHF pair has confirmed, with its low on May 19th, that it's following this up sloping fork. Short-term it's showing a robust up trend. If momentum is maintained, price is likely to reach the upper median line parallel (a continuation of an Andrews'...
If EURUSD continues rising above 1.15, it will mean it's bullish indeed, taking out the second major high. In this scenario we can expect price to retrace by 38.2% of the nine-month decline. On the other hand, this market may find strong resistance at the upper median line parallel, and give in just below this second major high. The odds are with the buyers, as...