We have dropped below the long term bullish pitchfork and appear to have completed wave (iv) in recent downward impulse.
Looking for opportunity to go short as initial drop very rapid from Rising Wedge break!
Good Educational Videos on Pitchforks and Rising Wedges:-
www.youtube.com/watch?v=E-mHJr7_...
www.youtube.com/watch?v=uA5ZbBFg...
Looking for opportunity to go short as initial drop very rapid from Rising Wedge break!
Good Educational Videos on Pitchforks and Rising Wedges:-
www.youtube.com/watch?v=E-mHJr7_...
www.youtube.com/watch?v=uA5ZbBFg...
Comment:
We reached 100% of Wave(i) and target for rising wedge so expect bounce form here and for all those people who commented on my chart thank you but understand pitchforks are somewhat difficult to draw without lines!!!!
Comment:
Following the downward 50% Schiff Median line:-