Price reaches the Centerline over 80% of time. With this fact alone one has a great measure tool for profit targets, or a good hint where to hide stops.
The white Pitchfork's Centerline was a great indication that price will move in the opposite direction, after it recaptured it and closed above it again.
Now price is dealing with
a) the grey horizontal balance line
b) the orange Centerline
c) the up-sloping yellow Mini-Fork
If price close below the Mini-Forks L-MLH, then a short is in play, with the natural target at the Centerline of the white Fork.
If price climb above the orange Centerline, then the target will be the U-MLH of the white fork.
If you not have any positions in DAX, then relax, lean back and observe how the rules play out.
P!
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free beginners course:
1. Klick the link at the bottom of this post (on TradinvView.com) to get to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course
Happy learning!
The white Pitchfork's Centerline was a great indication that price will move in the opposite direction, after it recaptured it and closed above it again.
Now price is dealing with
a) the grey horizontal balance line
b) the orange Centerline
c) the up-sloping yellow Mini-Fork
If price close below the Mini-Forks L-MLH, then a short is in play, with the natural target at the Centerline of the white Fork.
If price climb above the orange Centerline, then the target will be the U-MLH of the white fork.
If you not have any positions in DAX, then relax, lean back and observe how the rules play out.
P!
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free beginners course:
1. Klick the link at the bottom of this post (on TradinvView.com) to get to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course
Happy learning!