forker
Short

CL - Crude Oil on it's way to south

NYMEX:CL1!   Light Crude Oil Futures
378 2 13
After the last CL-PB, i use the 80% Chance to hit the CL             (yellow).
A further projection: the lower Centerline (grey).


P!
Comment: Intentention seems confirmed.
Now, let it do it's thing.
Comment: Holding on to it. And one could even load up with this gift from the trading god - i mean the pullback to the broken mini support.

Remember: Centerline is reached over 80% of time!

Comment: If price close well outside the Fork, we should
consider it as a Hagopian. Otherwise, we can hope
for the second target.

The orange coil is where true resistance is bunched.
A break of this block would give us at least a retest
at the grey CL of the A/R set.

Comment: In the last sentence i meant the BLUE Centerline, NOT the grey A/R set. ;-)
Comment: Hmmm...wondering who's in it ;-)

Comment: Running in the right direction.
TGT2 looks very possible.
Comment: Today, i go one step further and close this thread.
Her's the follow up link:

Free Mini Crash Course:
https://mailchi.mp/a81e4690ccc4/forktrading-blueprint

Website: http://www.ForkTrading.com
TradingView Blog: http://www.forktrading.com/tradingview-blog
Thank you for sharing. Seeing this probably saved me a good amount of coin.
Reply
forker TexasTower85
Glad it helped this time TexasTower85.

But be aware - could have be the other way around too.
Then you would not be happy with this.

However, it's always the viewers one decision how he interprets and uses analysis.

But it's great if you can add to your toolbox.


Hint for today:
I trade small, but very often = every trade brings me nearer to my statistical backtests outcome.
Trading small is key, at least for me :)


T'care and thanks for your comment TexasTower85
Reply
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