...it's in the charts...it's all in the charts. P!
So, this was not a fake as it looks like. But, we are just at the L-MLH of the black fork. Now i'm curious if it sticks there, or if the move continues, down to the sliding (black dashed). Remember the (left) orange box. I worte, that these boxes often get cleaned out - it's the center of the sine wave to the upside (light blue). So, the red (P4) could be the end...
The first time i did the TA, i thought, BBD-B would stop at the L-MLH of the smaller fork. Here we can see, that it zoomed it, right where the confluence o the red CL and the L-MLH is. Next stop - red L-MLH, then...touchdown at the blue L-MLH. Be careful, shorting a move like this one. It's allready advanced and a PB to the L-MLH (blue) is really possible! P!
Here we go, down to the lower L-MLH (Lower Medianline Parallel). P!
I'm 100% Bull until the lowest low of the last real up swing is broken hard. P!
GC missed the lower (pink) A/R line = Hagopian = Pric is going back (or furthert) to the point from where it came (Centerline). And so price did what the rules tell (LOL). With zooming the CL (black), price has reached the Trend Barrier, from where it could possibly stuck, or even turn. I expect the turn, because if a CL is zoomed, price usually pulls back to it,...
Price is now at the upper WL1 - overextending...potential PB. I do NOT trade this, but i observe it, to put facts in my database and maybe using this facts for stats and later for potential trades. P!
See explanation in the chart. P!
The upper range doubled down...just a view ticks more... The red shift grabs the frequency very nice.
The (orange) pendulum swing is in play. Blue CL, Grey A&R, Black U-MLH = nice confluence. Price is producing "air" between the last bars, shifting to the right so nothing is in it's way to go down to the (black) centerline(?)
Energy coil is loading and we will not miss the UNloading... Let's see if the fork confluence marks the turn to the upside. P!
First post...kind of expectation Second post...market says: "forget it" ;-)
Nice how price respect the Shifted U-MLH. But it does not mean to quickly jump in the short...
Context Uptrend, nothing broken. And even we reached the CL, we have a good chance that the energy point will activete the reaction at the CL of the reaction line (black dashed). Price Action natural Pulback (see orange sine wave) energy point, consisting of the L-MLH (Lower Medianline Parallel), and the A/R (Action/Reaction) set. A more conservative approch...
Context Down down down...and a final pressing What i observe now, is not a major trend change. I rather expect a temporarily pullback to the black CL. It is in it self, just a natural movement of a pendulum swing. Why? See the (blue dotted) sine wave? It fullfilled its meaning. And from here a new move is born. Let's see: Swings sine wave has done it's job ...