FedEx landed on the CL to the dime. Can it go lower? Sure, but chances are high for a bounce at this tretched level. Me <--- rather long than short.
According to the Rules of the Medianlines (Pitchforks), there is a high potential of a reaction from the Warning Lines (here WL1). On strong Trends, price will trade through it and down the the ML (Medianline). Be prepared for both scenarios.
The chart pattern formation (Double Bottom) indicates that it's leading to a short trade. It will likely reach the nearest Major median line and minor bottom median line parallel.
Starting to make AAD pattern. Will make entry if the AAD pattern bullish flag breaks out. Take profit on the median line.
After the 114 level seems to be nailed, higher targets are on the plate. There is not much to say here. Price just roars further north. The A/R and Pitchforks project the highly potential price targets. Read again: "project", not predict ;-) Trade small, trade save.
Chart pattern formation indicating possible bearish continuation. And forming #AAD pattern and median line trading.
After long consolidation/bullish uptrend, it barely breaks through the median line parallel and reverse back. Breaking the small pitchfork, indicating trend reversal and high possibility to reach the nearest median line.
After long consolidation, it breaks through range and implies it will continue to go downtrend till the nearest median line.
After the P5 Low, we have a super nice count to the upside. Now we may have to face that the little party is over. Potential P5 is in and if it's true, we go down at least the the U-MLH. An opposite view is, that price will advance to the upside even more. If that's the case the potential to reach the second Warning-Line WL2 is baked in. The Stochastics faster...
The Pattern: Sometimes it's too obvious to call it a coincidence. The Pitchforks: And as you can see, knowing how to use a tool can help to make intelligent decisions in trading. The short time-frame: The Pendulum Swing: The Trade: What if the trade fails? What if this fractal pattern is not playing out as expected? Then it just was a trade. Trading...
A possible short position, target to the latest median line. And another confirmation, AAD pattern formation.
Last days where pretty crazy again. So let's dig in to the daily TF and see what the chart reviles us. We had the move down to P 5/0. From where we expect a new 0-5 wave up. Since price trades lower than P1, we can say that this guy is confirmed. From P1 price moves down, and up again. This is just another wave count in a lower TF, because we would need to see...
High possibility to reach "Median Line" after breakout of constellation #BEARISH FX:EURAUD
CL reached the extremes short term. From here I expect a bounce up, with a potential to the yellow CL (Center Line). The idea is supported by the Stochastic, where the faster is overbought and the longterm is sloping up. Risking small, aiming big, that's what I do in CL. In contrarian I take profits quickly if it's not playing out like I want.
Silver comes right back to where it broke out in 2010. The 0 to 5 count could be complete, exactly where the Lower Medianline (L-MLH). is catching price. Now we don't just jump the gun. We wait for a signal, a change in behavior. Put your observation hat on.
I'l watching very closely for a bounce at the white dotted sliding parallel. Just a hint with good probability. Trade save, it's very vicious out there.
GBPCHF,- possible median line scenario. It is possible to open a long pos once the price tests lower median line and hold it up to the upper median line.
OK, sometimes it's just too much and your ETF will give you a hint. In I think she's getting it now...? #YourETFHelpsYou