- price is within a big Fork. It's CL frequency has shifted (green Sliding)
- price is now within what i call a "double Fake". Wash stops obove and below (or vice versa), go back to the neckline (black) to scare people out again, and then start the travel in the opposit way.
- swings to the downside intact
- ...a mess to stress people in and out
- SL = Sliding (green) showing the shifted frequency of the CL (blue-dashed)
- Necklines of the double fake...price is pulling back as i expected it to get hammered again from the one above.
Potential Long from the lower Neckline is not the badest idea.
TradingView Blog: http://www.forktrading.com/tradingview-blog