So, is this what means: A market is cornered? ;-)
OK...let's get serious...they observe us hehe...
The very old top acts as a perfect resistance.
Now, focus on the white pitchfork.
The market overshooted the U-MLH (upper line). This is a huge stretch. In fact, if the power where there, price had to go to the next extension of the Pitchfork. But so far it mised it (HAGOPIAN) and it's just dancing on the U-MLH.
What does this mean?
It means, that
a) the potential to take off is still in place
b) the market could tank very hard and reaching at least the white centerline. The extended version of a target is simply the grey centerline.
Anything else?
Jep, Santa is comming! §8-)
OK...let's get serious...they observe us hehe...
The very old top acts as a perfect resistance.
Now, focus on the white pitchfork.
The market overshooted the U-MLH (upper line). This is a huge stretch. In fact, if the power where there, price had to go to the next extension of the Pitchfork. But so far it mised it (HAGOPIAN) and it's just dancing on the U-MLH.
What does this mean?
It means, that
a) the potential to take off is still in place
b) the market could tank very hard and reaching at least the white centerline. The extended version of a target is simply the grey centerline.
Anything else?
Jep, Santa is comming! §8-)