comparing the "old" pattern to oil with highly profitable swings to the way it is swinging ( or not swinging ) now. Then I briefly compared price action of oil to gold.
Video Nr. 1
I explain the quick principals of the Pitchfork and how we use it.
Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture.
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course:
1. Klick the link at the...
I had not clue about this chart.
So, I was laying back, squeezed my eyes and let it shine on me (...nope, not smoked anything hehe...).
Then it comes together, peace by peace.
Here's how I approach any new analysis.
- Swings & Pivots
- Identify the trend and the flow
- some support & resistance
- action/reaction & forks
- patterns...as far as I can see them...