If you follow the price step by step, then you hear it talking to you...
...nope, I'm not nuts §8-)
Start from the left side and read, while you follow the price and give yourself time for your one thinking.
First you can see price action, and how it unfolds.
Then, there is the fork, catching the frequency of price swings very good.
And in the end, we see that price has arrived at the WL1 - First Warning Line.
So, WL1 means, price is stretched and is trying to "relax" again.
This would lead to long move.
What makes me even more certain is, that price created a kind of a stabilisation zone.
Let's see how this unfolds.
P!
...nope, I'm not nuts §8-)
Start from the left side and read, while you follow the price and give yourself time for your one thinking.
First you can see price action, and how it unfolds.
Then, there is the fork, catching the frequency of price swings very good.
And in the end, we see that price has arrived at the WL1 - First Warning Line.
So, WL1 means, price is stretched and is trying to "relax" again.
This would lead to long move.
What makes me even more certain is, that price created a kind of a stabilisation zone.
Let's see how this unfolds.
P!
Comment:
OK, there it's on it's way...
Comment:
Target nearly reached - L-MLH and I'm out.
Comment:
So, target reached on the upside.
Now let's play it short on the daily chart:
Now let's play it short on the daily chart: