I think this correction is OK. Going down to the centerline, just to recverse to the upside. P! Free Basic A/R & Forks Course: mytradingcoach.teachable.com
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Just study this one and let your Brain think about this... P! Free To Learn: mytradingcoach.teachable.com
Price is jailed between the A/R set and the centerline. If it comes below the A/R Line, we have a trade to the south, down to the L-MLH. The stop would be the new made Pivot above the A/R Set. P! Learn To Earn - Free: mytradingcoach.teachable.com
Here we can see price in context of a Fork & A/R set. I really don't like to go long here, because my stomache is crunching when i go long here... But it's not about my stomache, or my feelings, or my big toe's nail. It's all about numbers = statistics, risk, reward, occurences etc... And most of all, i know price is reaching the centerline over 80% of...
Sinewave masures the last major up move. ...sit back, study and let your brain work ;-) P! mytradingcoach.teachable.com
...very interesting... if it continues the up move characteristics, we should see a hit on the upper MLH. P!
I see this lower sideways action as accumulation. As soon if price break up this sideways action, we probably will see a pullback to scare everyone who's long on the break, then it will takeof to double this range, at least... P! Learn Action/Reaction Basics here (free4you): mytradingcoach.teachable.com
Here we can see Action/Reaction in "action". Price stopped dead where the natural reaction sits. If you closely inspect the A/R set, then you can see from where it is derived. P! Learn To Earn: Learn Action/Reaction Basics here (free4you): mytradingcoach.teachable.com
The monthly Chart tells us "no no!". But the dayli may carry this opportunity for us. The Fork catched the frequency of support & resistance (blue circles). We know that price is reaching the centerline over 80% of time. But this doesn't mean, that it's going straight to the CL. If you observe the price behaviour, you clearly se the last "sinewave" move (green...
In the monthly chart, i would not mess around in here. I wait until price broke out of the Box. Here you can see one potential szenario (pink arrwos). P! Learr more today: mytradingcoach.teachable.com
With price comming back in to the upper Fork Zone, there is a very high potential that price is reaching the centerline. Be aware, this is a counter trend trade...we swim against the stream! P! mytradingcoach.teachable.com
Here we go with Zillow. Stopped in with confirmation and now we are on the way to the centerline. P! mytradingcoach.teachable.com
At support, ther is a chance that price holds in the SZ. Going long if price can make it to my buy stop. P! ...try this: mytradingcoach.teachable.com
This shoot up is usally not sustainable for a continuation. Price haltet right at the centerline, and where the zone of the last breakdown is looming. A jump above the centerline would indicate a continuation in the direction. I prefere to with the trend, even the flow right now is up i think the stream will correct it. P! mytradingcoach.teachable.com
Unfortunately there is no trade for me, even this is a superb place for the market to turn. ...there is no structure to hide my stop ;-) Facts: - Trend is down - Bubble Up (usually not sustainable) - A/R resistance Let's observe and maybe the market creates a stop-structure for us... P! mytradingcoach.teachable.com