Hello all,
This is a great example how we are able to capture the price action by simply choosing a different low for the origin handle in order to see if the price action is respecting the parallels. In this example the 1st clue was the 50% upper fork level followed by a nice bounce off the median line.The next BIG clue was the direct hit off the upper parallel followed by two touches off the quartiles (25% levels). Now that we have scoped the price action it much easier to interpret the future direction of price. The biggest clue being the ZOOM bar through the median line followed by the textbook kickback before continuing south.
Note how well the first mini fork is capturing this massive sell off
Sincerely,
TIK
This is a great example how we are able to capture the price action by simply choosing a different low for the origin handle in order to see if the price action is respecting the parallels. In this example the 1st clue was the 50% upper fork level followed by a nice bounce off the median line.The next BIG clue was the direct hit off the upper parallel followed by two touches off the quartiles (25% levels). Now that we have scoped the price action it much easier to interpret the future direction of price. The biggest clue being the ZOOM bar through the median line followed by the textbook kickback before continuing south.
Note how well the first mini fork is capturing this massive sell off
Sincerely,
TIK