forker
Long

DAX - GER30 prep. to rise?

FX:GER30   DAX index of German listed shares
288 5 14
4 months ago
The "Big-Boy fork" catches the important swings.

As we can see, price behaved textbook like where the breakouts and pullbacks occurred.
Even the sine-wave swing- pullback to the U-MLH is just perfect.

Price climbed up to where it is going over 80%, to the centerline (white fork ).
On its way up, it found support at the centerline of the shiffed-fork twice (slanted blue fork ).

After reaching its target at the centerline (white fork ), price pulled back as expected, never really breaching its centerline resistance from the white forks centerline.

And here we are - at the centerline of the shiffed-fork, finding support again, and backed by the natural support from the previous highs.

My view:

1. Price has potential to go north again, because of all the supportive facts. (centerline, natural support, swings...).

2. Price has potential to go down to the Big-Boy's Warning-Line (WL1), because it never pulled back to it.

Choose your own move or just stay on the sidelines until something interesting show up.

P!
3 months ago
Comment: So, this could be the tell.
A nice high close would benefit the long idea.
Then waiting for the pullback to enter with stop below structure.
3 months ago
Comment: Here we have a screem to the upside.
If i can grab a pullback, i'l take it.

Hunt mode.
3 months ago
Comment: Soooo...anybody took it? - I like to play the Options RiskReversal.


P!
3 months ago
Comment: Grinding up...letting it do it's thing...
3 months ago
Comment: Good example how one has to be patient to make decent profits.
My Goal is at least the U-MLH (blue) or the Centerline of the white fork.
2 months ago
Comment: Gaining momentum...
2 months ago
Comment: Down to the L-MLH, the air is thin again.
2 months ago
Comment: The L-MLH is broken and the open was outside of the Fork.

The blue CL. is now a high potential support for the market, because the "mean reversion" is fulfilled.

After such a hard break of a Forks line, we can expect a pullback to it. Some concept as with the break of a support or resistance - no magic, just method.

snapshot
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'Big boy warning line'...love it.
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forker PRO GrantShuttleworth
4 months ago
LOL :)
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look4edge
4 months ago
very nice, just perfect, my take is white l-mph touch and north or fall over schiff cl down after haggopian
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forker PRO look4edge
4 months ago
Also good point :)
Reply
IvanLabrie
3 months ago
Excellent mate. (I bought DB, unwound Dax shorts near the lows luckily)
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