Price has hit the wl3 and is dropping, as marked yesterday. Price should come down to lower pink median line WL2
General Electric Reaction to Andrew's pitchfork midline and Parallel Channel.
After a successful trade in AUDUSD (link below), we have another great opportunity, with a sell trade this time. Price is rejected at a slide parallel which has acted as support/resistance several times previously. Sl and tp as shown at the chart. I recommemend when 1:1 in profit to move your sl at breakeven.
Price has started rising out of the downward sloping pink median line set. Look what price does at wl3, and resistance area near 2268-2273 if price makes it to those levels.
Price is up at the top of an AR set, as well as the top of the resistance. Look for price to break down here if it has a chance, otherwise we will break 2273 and go higher. We are in consolidation now, look for price to tell you which way it will break.
Price is now up at the upper pink median line. It may be a good area to start looking for a drop here especially if we cant get past 2272 area., but watch price action. If price does drop, look for 2212 2192 and 2142
Price has come up to 2254 minor resistance and also wl2 resistance and fallen. Look for price to show you if it will break out higher or continue down to 2212 area.
Price has started to drift down after retesting 2268 resistance and bouncing on ar set support near 2233. We have had two strong tests on the upper median line parallel, so i am thinking it may come down farther as resistance has held as well. If price continues to drop, current median line target will be 2138
Price has bounced on minor support of the sliding parallel. Look for price to continue down if there is no follow through past 2273.
Although i am waiting for that big drop in USDJPY (link below), we may have a very nice opportunity for the upcoming week, with a pending bullish gartley pattern waiting for its completion at a slide parallel of a valid upsloping median line. Sl & tp as shown at the chart. In case price reaches the first tp we should move sl of 2nd position to breakeven. I wish...
Price has come up to test the resistance near 2250 and dropped. We are going to see if price can hold at 2232 or continue lower to 2212.
Price has come down from the resistance area of 2269-2273. We have hit the center line, then bounced up and retested the support which has become the resistance at 2251-2248. Look to see if price can fall through 2238 and 2232 areas to go to 2212 and 2180 eventually. This is a new down word correction in an overall upward market.
Price has broken 2245 and is going lower to 2212-2191 area. Look for price to come up and retest 2272-2269 area before dropping further as possible confirmation of drop to 2136-2112 area. Look for price to come down to the middle median line if we can get more momentum
Price has come down off of the resistance zone ear 2269-73. We are currently at support area of 2243-36 but it looks like price will go lower to 2232 area. Look for price to show you if it will hold there or continue lower to 2212 area.
Price has come down from the upper resistance zones near 226-73 and is now resting at 2244-46 area which is current support. If price breaks down look for 2232 2212 and 2180 as support, and also the middle median line and lower median line as support. I could see price selling off and dropping to lower median line which is a width median line as it is measuring...
Price has come down from the highs near 2273. Looking at 2245 area for a break will show a new fork possibility to reach to 2137 or lower. I would consider this a pullback in the direction of the trend if it does happen. look for 2245 and 2273 to tell you what it wil do.
Price has come up to test the 2268-2273 area and dropped hard. Look for 2247-50 to see if price will hold, but price looks like it is accelerating. Next level on this chart would be 2233 then 2212 as potential support areas. The two opposing forks had shown tho price was starting to run out of energy. Price did not make it to the median line on the blue up...
Price has come down and brok trendline suport and hit resistance near 2268-2273 area. Price is showing weakness, but is at support at 2248. Let price show you if we are going lower, but the 2 last bars look like we are accelerating.