Friends,
Following in the thread is a lengthy, developed explanation of a strictly technical approach to determining whether price has a probability of rising or falling, given its circumstance, which here suggests that price is "at the fork on the road", having met its resistance/support levels into a wedge.
While my predictive analyses and forecasts are generated through a separate methodology ("Predictive/Forecasting Model"), it is not a rare thing to have recourse to the basics.
Of review here is trend, trendline, basic geometry, and structural analysis for the purpose of determining "what's next" in terms of probability, which is what we are left with in trading.
Thank you for your readership and support, and your participation in this superb TradingView.com platform and vibrant community of traders.
Best,
David Alcindor, Moderator
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter: @4xForecaster
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Following in the thread is a lengthy, developed explanation of a strictly technical approach to determining whether price has a probability of rising or falling, given its circumstance, which here suggests that price is "at the fork on the road", having met its resistance/support levels into a wedge.
While my predictive analyses and forecasts are generated through a separate methodology ("Predictive/Forecasting Model"), it is not a rare thing to have recourse to the basics.
Of review here is trend, trendline, basic geometry, and structural analysis for the purpose of determining "what's next" in terms of probability, which is what we are left with in trading.
Thank you for your readership and support, and your participation in this superb TradingView.com platform and vibrant community of traders.
Best,
David Alcindor, Moderator
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----