The yellow Fork describes the current most probable path of price. Forks are great, indeed. And adding details to the chart is like seasoning a sauce.
So here we have our ingredients.
See the up-sloping red lines? Know what's their job? Well, they describe the amplitude of the sine-wave within this down-swinging market.
The last one...watch the last one...looks...
Right side of the chart:
See how it broke the last time?
There was a retesting at the L-MLH (white) going on. Then in the middle it pierced the upsloping orange, dotted Pressure-Line.
Now, compare it to the actual situation...
One of my coaches in the earlier days always told me: "Before you cut meat, you must sharpen your knife".
In Trading the Grindstone is...
Many weeks ago, I freshly published this chart. I wanted to make a longterm project out of it.
The idea behind this chart is, to show you LIVE how pure Action/Reaction works - and that it's not a mystery, fake or something "balloonie".
Here you have 5! reactions in a relative short period of time. Let's go through them right now:
1 Overshoot and fall back...
My rules for Pivot & Swing Highs/Low says:
If a H. is broken, the L. is confirmed.
If a L. is broken, the H. is confirmed.
Just with these simple rules one is able to enhance his ability to analyze markets dramatically.
Like these information?
Watch the footer where the links are placed.
P!
In this chart you see a Fork that seems to work great.
The touches at the lower medianline parallel are perfect...but it's a self-deception if you use the Forks this way!
Don't try to fit the market into your tools, never never!
And why?...because you get faked information, leading to wrong decisions, leading to bad trades and to bad losses.
What you need...
