Here i go long on a re- entry on stop.
Not the very best RR, but the centerline is reached over 80% of time and the A/R is also ahead to be targeted.
P!
Holy Moly...
I use Newtons law of Action/Reaction many years now.
And again - i'm floored once more, how one can do a little "magic" with this knowledge.
Time will tell if we go down from here, but hey - If I see the previous FACTS in front of me, I really don't bet anything for another move up!
Thanks to all my followers for your support!
P!
Get your seat...
Overall DT.
resistance on the SZ and at the U-MLH
very low closing bar (PinBar), rejected at the SZ
This is a potential short which i try to trail down as far as possible, without the exit at the CL.
To me, the past down swings look like a load of a big battery.
...just my view, and probably dead wrong ;-)
But i play chances, like Casinos do.
P!
Newtons law of Action & Raction is validated a gazillion times...
And here we have it again - From Extreme To Center over 80% of time.
Learn to read Aciton/Reaction in the markets and start with
the very basic course for free at: mytradingcoach.teachable.com
P!
Price did not act as expected.
But we stil need to learn from this and
use this information for the future.
At least we see, that A/R works very nice...
...the centerline & WL2 confluence is a real pretty one!
Actually price is kinda ranging - so we probably leave
this one allone for a while, at least in this timeframe.
...observe and...
On the dayli we see price coiling.
This brings the potential for a nice SQ to the upside.
My Goal is still the upper A/R, or if it struggles at the centerline, i take my profit there, or partial at least.
P!
Take Action and create positive Reaction : mytradingcoach.teachable.com
And here we have the test/retest at the Lower Medianline Parallel...
...why not take the ride down to the lower SZ (green), or eve to the U-MLH.
P!
mytradingcoach.teachable.com
The Warning-Line is broken to the upside and the only thing what could
hold price up is the blue centerline.
Short term i expect a pullback to the WL1 and from there the attack of
the blue downsloping centerline.
Selliing Puts <--- ME §8-)
P!
The break of the mini- Forks L-MLH is allready a indication of a turn.
Breaking the L-MLH is never a good bet for a continuation of the trend...
P!
mytradingcoach.teachable.com
This is like textbook behaviour.
1. break of the centerline (upsloping)
2. test/retest at the centerline
3. down to the next A/R Line, the downsloping centerline.
Want the texbook?
Get it here for free, packed in a very basic A/R & Fork course: mytradingcoach.teachable.com
Chances to reach the A/R are very high.
Try to stick to the plan, but not messing with profits.
P!
Like Forks? Fasten your seatbelt: mytradingcoach.teachable.com
Her's a complete ohter picture on the 240.
Break to the downside is absolutely possible.
IMO, here is a trend change going on.
The red FLUSH looks like a final shakeout.
More information on the chart...and try this out - i'm sure you will like it (it's free): mytradingcoach.teachable.com
The breakthrough of the upsloping centerline (grey), and the L-MLH of the red pullback-Fork indicates a potential turn.
Main TGT would be back to grey centerline.
Second opinion is the break of the L-MLH, down to the support zone (green) and up from there to new highs.
P!
Like the Forks?
Her's your free, Basic Course: mytradingcoach.teachable.com
