forker
Short

CL - Crude is approaching the Trend Barrier

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
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:

http://mytradingcoach.teachable.com/
AMBRISH
a year ago
Thanks for chart and link for Forks.
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forker PRO AMBRISH
a year ago
YW - Hpe it helps :)
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AMBRISH
a year ago
TB si at 38.80 ? and WL at 39.85 , once it crosses both then bullish .
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forker PRO AMBRISH
a year ago
You have to consider the Timeframe you play.
If WL breached, then you are near the U-MLH, the upper extreme of the smaller upsloping fork....and this would mean, high potential for a pullback to at least the CL.
I allways look for context and the timeframe i play.
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thulasi
a year ago
Man You are a genius. i use wave principal though it is very effective this method can precisely help me at times when i am uncertain about the direction or if i am on the wrong side. Thank You so much
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forker PRO thulasi
a year ago
hey thulasi :)
thnx for the flowers. after 10'000'snd of hours study and work, you will be a genius too ;-)
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thulasi
a year ago
How did u get the trend barrier line(by connecting any ML or any cross lines that line isnt cler how did u draw?
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forker PRO thulasi
a year ago
the trendbarrier is derived a) from context and b) from a further A/R study.
maybe i'l make a followup course sometime. but hey - just work with the forks and you're very much ahead of the crowd.
try not to just throw them all over the place...every point in the chart has it's time and reason as you probably allready know, working with waves.

cheers :)
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thulasi forker
a year ago
Thank You
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