The market forces that move price can't help the fact that price returns to balance. The prior action to the upside above the balance line was followed by reaction to the downside. Next, moving along the red fork, price went up by the same extent as it had been to the downside. :-) Now it's found resistance at the bear trend line as well as the balance line. Next, as the trend is still down, I'd expect it to go back down again to the median line or the upper parallel - either way it should return to the 100%-reaction line.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
