What I really know is, that price will reach the centerline over 80%. So, from the perspective of the whit, upsloping fork, I would not initiate a short trade with a longer term perspective...
So lets just observe how price closes. Above the blue U-MLH or below and how support will come in here or not.
But all we can do is follow the rules and trade them.
It's not that we can predict the future, but we can lean on the stats of the forks and trade them.
For example, you have a overall >80% chance, that price will reach the centerline.
So, if price is trading within the fork, then you know what your target should be...
Thanks for comments Bwo.
millie
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You mentioned "price will reach the center line over 80%", which color of the center line? Thanks for sharing.
I meant the white in the text, BUT: Any centerline is possible, even the orange here.
But price can find support above the blue one. This is why I just sit on my hands about directional trades.