S&P - MES1! Divergences & Sine Wave
Divergence
The AO Indicator and the highs show us repeating Divergence.
Sine Wave
The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp.
Fork
And finally the Pitchfork.
This instrument reveals us the center of the whole two part up-swing (Sine Wave). At least there is a over 80% chance that price will reach the Centerline. So, partial profit taking would not be a dumb idea.
My short will be initiated on a break of the dotted Trendline.
The AO Indicator and the highs show us repeating Divergence.
Sine Wave
The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp.
Fork
And finally the Pitchfork.
This instrument reveals us the center of the whole two part up-swing (Sine Wave). At least there is a over 80% chance that price will reach the Centerline. So, partial profit taking would not be a dumb idea.
My short will be initiated on a break of the dotted Trendline.
Trade active:
Partial Profit on the centerline is OK.
Let's see if the rest can break the lower part of the Sine Wave.
Let's see if the rest can break the lower part of the Sine Wave.
Let's let it ride.