tp2 - trendline 7.11.13 - 12.2.14 + R/S line 0.7969
Comments
ForceFollower
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Hey, itaskar, I can see you've tried your luck with the median lines (ie. pitchforks). Very nice. However, when you draw a fork going in one direction, make sure the fork in the opposite direction has already exhausted itself, or else you will be in trouble fighting the trend.
Here's how I view it, if you don't mind:
itaskar
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ok thx, i used it with combination with HASs, as you can see, both targets was reached and my median line holds, and to this time, from daily gap there are only bulls, so bulls continuation sign. it is ok to put pitchforks point 1 under point 3? I dont have experiences with that, learning from net.
ForceFollower
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Yes, it is OK. Your fork is OK too. Now, as long as it holds, I don't even think about taking a long position. :-) Just looking to enter short, preferably at the upper median line parallel - in your case the blue solid line. The stop above the lows you marked at 0.79321.
Here's how I view it, if you don't mind: