Applying the rules and using the framework (NOT vice versa) is giving me information, not trades.
By using these information, it helps me putting togheter a puzzle.
- If the chart was a dayli, or a even minor TF, i would say that this market is building a upsloping
coil, just to go down the same way as it came from (the top)...scary isn't it ;-)
monthly TF, it more spiked up and down. And there we are again, at the extreme top where
price is trying to crack it.
- rule of A&R, when breaking a line of extemes apply
- price reacting at the (grey) A&R lines
- EP - a point where a final thrust could mark the turn
Lets see if
a) price can sty longer in the mini-Fork (orange)
b) the A/R line below the actual bar (grey) give another reaction point
c) we finally rocketing to EP
Lets relax and observe...
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