GC - Gold @ the Trend Barrier

COMEX:GC1!   Gold Futures
GC             missed the lower (pink) A/R line = Hagopian = Pric is going back (or furthert) to the point from where it came (Centerline).
And so price did what the rules tell (LOL).

With zooming the CL             (black), price has reached the Trend Barrier, from where it could possibly stuck, or even turn.
I expect the turn, because if a CL             is zoomed, price usually pulls back to it, bevor it continues it's way (up in this case).

Free Mini Crash Course:

TradingView Blog:
Interesting point when it missed the AR is like the price failure rule re: Andrews. Will put that in my tool box:) a pullback to the fork ML/ CL will be an excellent long if the market Pulls Back. Would you say first target is the Trend Barrier ie CL? then if that clears the upper parallel? Just want to get your thoughts. Hats off mr forker great analysis....I can tell you love this stuff:)
+1 Reply
forker Timing is key
Hi TIK & andberg

"Would you say first target is the Trend Barrier ie CL?"
> Yes. Throw a fork from
A-Point: low 2015-03-17 (1140)
B-Point: high 2015-05-18 (1232)
C-Point: low 2015-07-24 (1072)

This is, as you may allready know, the "revese fork". And the CL of this RF is basically the same as my trend barrier.

I allways tell my students, that they should never ever ever hang theyr decisions about a trade on a line.
A line is a line is a line...nothing more.

The importance of the line is, the difference from what information we "should" get, and what it will give. The "should" get part only make sense, if it is proven...statistically. Because the stats give you the potential expectancy. And this tiny piece of information is the "nugget".

So - if price is zooming through the barrier like it does now, the chance of reverse is still intact. Price cares a know hat...about my lines. So lets just take the information, absorb it, file it and proove it later with couple 100 other occurences.

Have a sunny day guys & gals

+1 Reply
will follow closely Thank You
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out