centerline

forker forker PRO TSLA, D, Short ,
TSLA: TSLA - From stretch to relax
126 5 8
TSLA, D Short
TSLA - From stretch to relax

This is a situation, where TSLA will reach the centerline with a chance of over 80%, according to the rules of the fork. Playing this small, but playing it. P!

forker forker PRO CLK2017, D, Short ,
CLK2017: CL - Crude pulled back to L-MLH. Ready to fall?
151 8 13
CLK2017, D Short
CL - Crude pulled back to L-MLH. Ready to fall?

Crude is in correction mode. It's beautiful trading within the Pullback-Fork and has broken the L-MLH of the smaller blue PB-Fork. The actual pullback to it is textbook like...which I like! ;-) P!

forker forker PRO BABA, D, Short ,
BABA: BABA pullback to go south?
93 0 5
BABA, D Short
BABA pullback to go south?

First of all...I post this from my Mini-Pad. I am now even more a TradingView Fan then bevor! With my fat Fingers, its pissible to work this Chart...Fantastic!!! OK, back to work. Price reached the U-MLH after pulling back, right into the sellers. If price really starts to go south, I expect a nice trip to the CL. GN & sleep well P!

forker forker PRO SNAP, 240, Short ,
SNAP: SNAP - Potential of two centerlines?
67 0 6
SNAP, 240 Short
SNAP - Potential of two centerlines?

I had right now a fellow trader asking me about which centerlines could be met, if I have two forks on the chart. The answer is: either of both can be met, even if the other one is a very big one like the one in the current Gold chart: https://www.tradingview.com/chart/GC1!/Wp78HEtp-GC-Gold-do-it-again/ Why is this possible? It is a question of the perspective, ...

forker forker PRO SNAP, 60, Long ,
SNAP: SNAP - Down to the centerline and the the bounce?
89 0 9
SNAP, 60 Long
SNAP - Down to the centerline and the the bounce?

Here is a new view about SNAP. We made money on the last two trades (up and down) and now we must wait and be patient. I see the centerline as potential place where this stock can bounce back - how far? Dunno... But since the confidence is getting crunched more and more, it's also possible that we see a zoom through the centerline, with a following test/retest ...

forker forker PRO CL1!, W, Short ,
CL1!: CL - Crude on a test/retest bevor the breakdown?
266 2 19
CL1!, W Short
CL - Crude on a test/retest bevor the breakdown?

Here we have it picture perfect! On the left side, you can see the big sine-wave-swing. These sine-wave swings often get broken fist, before a further movement in the original direction. And so it happened. Price was not able to move further north. Oil organisations did all to keep price up - even manipulating in the news... As I wrote in the previous post: ...

forker forker PRO NG1!, D, Long ,
NG1!: NG - NatGas holding above centerline
136 2 14
NG1!, D Long
NG - NatGas holding above centerline

Centerline catches pretty good price-action (frequency) of this market. The prior Hagopian way down below at the L-MLH tell us, that the market will go back more then from where it came. So, this would imply that we will see NG soon way above the centerline. P!

forker forker PRO SNAP, 60,
SNAP: SNAP - Snapchat reached the centerline.
97 2 14
SNAP, 60
SNAP - Snapchat reached the centerline.

Here we have a nice example of a advanced fork setup. If you know how the swings really, and I mean REALLY work, you know how to place the A/B/C points and therefore, what you can expect. I don't trade this potential downside now, but I will observe until something screams in my face. P!

forker forker PRO CLK2017, D, Long ,
CLK2017: CL - Crude ready for a bounce to the north.
188 6 19
CLK2017, D Long
CL - Crude ready for a bounce to the north.

Centerline is reached the second time. Chances are, price will shoot up to the U-MLH. How fast, no one can say, but since Action/Reaction is my philosophy, I count on momo. P!

forker forker PRO XBIT, D, Long ,
XBIT: XBIT - Elvis has left the centerline...
46 2 12
XBIT, D Long
XBIT - Elvis has left the centerline...

Here we have it on the daily. This will be a rocket ride, leaving "Forest" way behind. One way ticket, one way ticket to the mooon ;-) Trade save and don't jump the gun! P!

forker forker PRO CLK2017, D, Short ,
CLK2017: CL - Crude landed - bullseye!
148 11 17
CLK2017, D Short
CL - Crude landed - bullseye!

This was the former post. Read it and learn how this did unfold. https://www.tradingview.com/chart/CLK2017/mpzzQuqQ-CL-Crude-pulled-back-to-L-MLH-Ready-to-fall/ And now I will wait for a retetst of the centerline. In my brain there is the Weekly chart...it's L-MLH is breached! This means, that price will test/retest it on the weekly bevor falling off the cliff ...

forker forker PRO XLE, D, Long ,
XLE: XLE about to prepare for a spurt to the north?
72 0 13
XLE, D Long
XLE about to prepare for a spurt to the north?

See how price reacts at the centerline/slding/AR-Lines ? The SWAP in Nov. 16 marked the range and of course it has to come back to breath out. Lastly the weak hands got scared out by a very hard and final drop (red bar). Now I can imagine that time is right to collect some premium on the downside. Even a RiskReversal my be a good trade. P!

forker forker PRO SNAP, 60,
SNAP: SNAP - 60m Works With Forks too
70 0 11
SNAP, 60
SNAP - 60m Works With Forks too

Here we have SNAP, respecting the U-MLH and reached the Centerline perfectly bevor bouncing up. This 60min. bar is not over now, but we already can see how price of SNAP reacting at the centerline, the place where price is going in over 80% of time. From here, price could zoom through the CL. or bounce back to it, just to turn and go north. Observing...

forker forker PRO IBB, D, Long ,
IBB: IBB attacking the U-MLH
70 1 10
IBB, D Long
IBB attacking the U-MLH

IBB found support at the centerline. Next station - U-MLH. With this could be a nice RIskReversal-Trade. P!

forker forker PRO GCJ2017, D, Long ,
GCJ2017: Gold - GC stretching arms to the centerline
66 2 12
GCJ2017, D Long
Gold - GC stretching arms to the centerline

The sideways range is cracked. Next logical target is the centerline. P!

forker forker PRO CLJ2017, W, Short ,
CLJ2017: CL - Crude Oil probably prepping for a dive
130 0 16
CLJ2017, W Short
CL - Crude Oil probably prepping for a dive

The real last high was on 2015/08/31 - with a very low close, basically a give-up. From 2016/01/08 price started to stair-step in big swings. The prior high, from where buyers gave up, was the exact point where they once again ran out of power, failing to break north and go higher. OPEC brought news in the last days - they would even lower prices much more to ...

forker forker PRO GBPUSD, 240, Short ,
GBPUSD: GBPUSD - Closer look on a working trade
127 0 11
GBPUSD, 240 Short
GBPUSD - Closer look on a working trade

The prior chart speaks for it self. This chart is a closer look to the current situation. Price closed below the L-MLH = It's going to the next extreme. On a higher scale, this would be a drop from the Blue centerline with target to the Blue L-MLH. But be careful: I see price got pressed. And the bulls holding it up, what leads to this small triangle, resulting ...

forker forker PRO NGJ2017, D,
NGJ2017: NG NatGas: Down to the centerline
73 0 11
NGJ2017, D
NG NatGas: Down to the centerline

After the trendline breach, I expect a pullback to the breakout. Then a further decline to the centerline and from there potentially back north. Hunt mode on. P!

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