As you can see price always paused at the pitchfork lines. Once it broke past the lines it continued to the next line paused and continued. It confirms weakens of the commodity if it cant stay in the main pitchfork lines(green).
Any break to the upside of the lines suggests there is strength.
Any break to the upside of the lines suggests there is strength.
Comment:
Reached firs line. If we stay above next target is green line.
Comment:
Should tag green line soon, stall and move up to middle of green area.
Comment:
Working as planed
Comment:
Will pause in red line.
If it moves decisively though then it goes to top of green line
If it moves decisively though then it goes to top of green line
Comment:
Going to top of fork green line, very strong!
Comment:
I think if we go back under the Red median line next stop is lower green line 1260 otherwise we go to the bottom green line around 1180.
