Now that price has close outside the U-MLH, we also have a additional little confirmation with the MACD, for thoes who give credit to the Oscilators. The stop behind the structure and the lower extreme gives me no headache. Here's your free Action/Reaction & Fork Mini-Course, enjoy: mytradingcoach.teachable.com
As far as i know, price is going to the Centerline over 80% of time. And price reached its max. with overshoot at the U-MLH. Let's see how physics unfold... ...oh btw. - some call the pattern that was built since 2016-02-10 a H&S ;-) P! Give your learning curve a try - it's free: mytradingcoach.teachable.com
The massive overall DT say's, it's not over. Then we have the nice Pullback. up to the Centerline, where price usually runs out of fuel. Expecting a further decline down to the L-MLH. P! Like to learn? mytradingcoach.teachable.com
Last week we had ECB decision about int. rat. to zero, what caused the flash down to the A/R line to the tick. Now, the Action is over and the reaction can follow. Price landed in the Buyers Zone again, which was first washed out by the Sine-Wave move down to equilibrium. Then we see the normal "Bubble-Up" (the reaction from priors action) up to the CL, which...
From extremes to center - in any context. 1) Price is at lower extreme of the black, big fork 2) ...runs back to centerline of the black fork 3) and comes back to another center, the small red upsloping forks one. It's just another context. Will it rest there? Dunno...nobody knows. But if you observe, make your one stats and can beleieve in them, then you know...
I have seen this many times. Check this out >>>
Near the TB, priceaction becomes nervous very often. So, i would not wonder if price pokes through the TB, even up to the WL (Wanring Line - Dashed Black) and then fall again, even back to the U-MLH (Upper Medianline Parallel) or to the L-MLH. Interested in Action/Reaction and the Forks? Here is a very basic course for you - free: mytradingcoach.teachable.com
This fork describes price action for the last couple of weeks. We are now in the lower part of the channel and possibly going to re test 1240 in days to come. Long positions may be taken at lower support and closed when reaching red center line. The 50/200 MA crossing confirms we are now in a well established uptrend market.
Understanding where extremes in markets luring, can be very helpful. Most of my trades are with options for credit See where the green circle is - it's where the lower extreme sitting to shoot up price again like a cannon. The opposite is at the CL (Centerline), where the red circle is. This is where the energy is running out. Now we will see price back to the...
A/R's giving support around 0.99 Red down fork's UML-H is broken with a nice close and a PinBar, marking more support for the pair. Going for upper Extreme (blue / black A/R) P! Free, very basic A/R Crouse: mytradingcoach.teachable.com
Wolfe waves with Fork, Wolfe Waves and harmonic leg
This fork frames quite well price action for the past few weeks and is quite aligned with last top. Even if uptrend is not so strong inside it, price will remain inside the green channel for some time. Yesterday's low was on the 0,38 Fib retracement and this could be a good time to place a new long. Idea invalidated below 400 where price could drop on the blue...
Currently retracing from .382 fib level, look for price to bounce off the next .382 for trend to continue downwards. Or if it breaks, wait for the price to move to the blue line of the fork, from 2.08158 to the .382 retracement at that level and then continue lower! Overall POSITIVE downtrend! If Head and Shoulders pattern completes, look to take off profit...
P5 is reached...at least it looks like. The tiny lower close is very suspicious... At least price broke out of the "creative" downsloping Fork and reached the CL. From here price either zooms through the CL, or comes down to the L-MLH. Chance for the walk to the south are 80% - same as going to the CL! And why NOW?...well, as i said, price reached the CL. So it's...
This Company was mentioned in my options group and it looked very interesting to me. So i got my hands on it and found a nice potential trade. The fast run down seems to have a end. Frequency catched up bevor, then shifted and now we find price at the WL (Warning Line), where the shifted Frequency meets Action/Reaction. Potential for a long with a nice stopp...