Here i go long on a re- entry on stop. Not the very best RR, but the centerline is reached over 80% of time and the A/R is also ahead to be targeted. P!
Price has arrived at the L-MLH extreme. From here, chances are very high for a turn, but no intension so far. Just observe... P!
Holy Moly... I use Newtons law of Action/Reaction many years now. And again - i'm floored once more, how one can do a little "magic" with this knowledge. Time will tell if we go down from here, but hey - If I see the previous FACTS in front of me, I really don't bet anything for another move up! Thanks to all my followers for your support! P! Get your seat...
Overall DT. resistance on the SZ and at the U-MLH very low closing bar (PinBar), rejected at the SZ This is a potential short which i try to trail down as far as possible, without the exit at the CL. To me, the past down swings look like a load of a big battery. ...just my view, and probably dead wrong ;-) But i play chances, like Casinos do. P!
Good credits for this Bear Call Spread. With GC going down, showing it's intension to the downside, i love to get some $ for low risk... P!
Gap filled and now down we go... Let's see if the third pattern evolves the same way. P!
Newtons law of Action & Raction is validated a gazillion times... And here we have it again - From Extreme To Center over 80% of time. Learn to read Aciton/Reaction in the markets and start with the very basic course for free at: mytradingcoach.teachable.com P!
...recently i posted a similar chart. Do you remember? P!
Price did not act as expected. But we stil need to learn from this and use this information for the future. At least we see, that A/R works very nice... ...the centerline & WL2 confluence is a real pretty one! Actually price is kinda ranging - so we probably leave this one allone for a while, at least in this timeframe. ...observe and...
On the dayli we see price coiling. This brings the potential for a nice SQ to the upside. My Goal is still the upper A/R, or if it struggles at the centerline, i take my profit there, or partial at least. P! Take Action and create positive Reaction : mytradingcoach.teachable.com
And here we have the test/retest at the Lower Medianline Parallel... ...why not take the ride down to the lower SZ (green), or eve to the U-MLH. P! mytradingcoach.teachable.com
The Warning-Line is broken to the upside and the only thing what could hold price up is the blue centerline. Short term i expect a pullback to the WL1 and from there the attack of the blue downsloping centerline. Selliing Puts <--- ME §8-) P!
The break of the mini- Forks L-MLH is allready a indication of a turn. Breaking the L-MLH is never a good bet for a continuation of the trend... P! mytradingcoach.teachable.com
This is like textbook behaviour. 1. break of the centerline (upsloping) 2. test/retest at the centerline 3. down to the next A/R Line, the downsloping centerline. Want the texbook? Get it here for free, packed in a very basic A/R & Fork course: mytradingcoach.teachable.com
Chances to reach the A/R are very high. Try to stick to the plan, but not messing with profits. P! Like Forks? Fasten your seatbelt: mytradingcoach.teachable.com
Her's a complete ohter picture on the 240. Break to the downside is absolutely possible. IMO, here is a trend change going on. The red FLUSH looks like a final shakeout. More information on the chart...and try this out - i'm sure you will like it (it's free): mytradingcoach.teachable.com
Look at this chart and see the symmetry... ...kinda mystic to me. So, what to do here? Observe! P! mytradingcoach.teachable.com
The breakthrough of the upsloping centerline (grey), and the L-MLH of the red pullback-Fork indicates a potential turn. Main TGT would be back to grey centerline. Second opinion is the break of the L-MLH, down to the support zone (green) and up from there to new highs. P! Like the Forks? Her's your free, Basic Course: mytradingcoach.teachable.com