Context
Down down down...and a final pressing
What i observe now, is not a major trend change. I rather expect a
temporarily pullback to the black CL. It is in it self, just a natural
movement of a pendulum swing. Why? See the (blue dotted) sine wave?
It fullfilled its meaning. And from here a new move is born.
Let's see:
Swings
sine wave has done it's job
Price Action
support at the sliding, below the CL (centerline of the fork)
the pressing dissolved in a classical momentum break
price shoot through the CL, up to the first natural resistance (red-dashed)
Now i waiting patiently for a PB, back to the CL and into the mini-coil
where last support was found bevor the break.
Note
the expected move will be "just" a natural PB up to the (black) CL. And this
CL represent a trend barrier, from where price has a high potential to turn
down again...
Down down down...and a final pressing
What i observe now, is not a major trend change. I rather expect a
temporarily pullback to the black CL. It is in it self, just a natural
movement of a pendulum swing. Why? See the (blue dotted) sine wave?
It fullfilled its meaning. And from here a new move is born.
Let's see:
Swings
sine wave has done it's job
Price Action
support at the sliding, below the CL (centerline of the fork)
the pressing dissolved in a classical momentum break
price shoot through the CL, up to the first natural resistance (red-dashed)
Now i waiting patiently for a PB, back to the CL and into the mini-coil
where last support was found bevor the break.
Note
the expected move will be "just" a natural PB up to the (black) CL. And this
CL represent a trend barrier, from where price has a high potential to turn
down again...