The orange Fork is a "Pullback Fork".
I wanted to know how far price will pull back.
The orange Center line gives a clue. And so price came down to the CL.
But not only to the CL, it even pierced it, and washed out the stops, after creating little Base (green).
This behavior left a huge HAGOPIAN that forecasted a move to the upside, beyond the point from where price came (...from the CL). And so price did.
Now we are on the way up to the White CL.
We have a over 80% chance. What I would love is a pull-back to the downside and hide my stop behind the engineered previous low, where they washed everybody out before rocketing to the upside.
It's a weekly chart guys & gals, this needs a lot of patience.
Happy Weekend
I wanted to know how far price will pull back.
The orange Center line gives a clue. And so price came down to the CL.
But not only to the CL, it even pierced it, and washed out the stops, after creating little Base (green).
This behavior left a huge HAGOPIAN that forecasted a move to the upside, beyond the point from where price came (...from the CL). And so price did.
Now we are on the way up to the White CL.
We have a over 80% chance. What I would love is a pull-back to the downside and hide my stop behind the engineered previous low, where they washed everybody out before rocketing to the upside.
It's a weekly chart guys & gals, this needs a lot of patience.
Happy Weekend
