TSLA fell out of the L-MLH and fell down very hard, but did not reached the WL. That's a HAGOPIAN and hence we see price climbing up to retest the L-MLH.
If we reach the L-MLH we could see the GAP filled.
From up there I'l stalk a short since it's likely that it will continue to the downside.
Thanks, your thought process makes sense. What’s the low range you think it will hit?
Tr8dingN3rd
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Hi @Kwahlhomes, I follow the rules of the Forks (Check out my homepage where you can get the free ForkTrading-BLUEPRINT). So, it would be the next line, which in this case would be at least the Warning Line, after it tested the Lower-Medianline-Parallel (L-MLH). But of course it can go further down than that. The WL would be my partial target, depending how big my position is. Trade save, TSLA is a Monster §8-)