Here we have a clear zoom through the centerline. As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside. Keep in mind that the two grey lines are a potential support...I would not ignore this. Waiting for a pullback and see what's going on.
The rule of Hagopian says, that if price fails to reach the centerline, it will move in the opposite direction more then from where it came. I have observed this thousand times and the accuracy is insane. 1) the missing of the centerline 2) the start from where price came from...price went back further Now I'm very courious if there is enough juice left to break...
If the last highs to the left wont hold, price will meet the centerline. From there, a reversal is very possible. Interestingly the neon-blue ray points to the CL too (kinda Wolfe-Wave thing). Hunting for a long. P!
Not only in the ES can Forks put context around price. In Gold we can see that they catch the volatility bandwidth of the underlying. I can see price now going sideways and then back to the centerline or further south...but who know, just follow price and trade good risk/reward. P!
Learn And Eearn. P!
Hunt for Shorts P! Learn And Earn:
From Centerline to Centerline... Learn To Earn... ...to use Action/Reaction & Forks...the right way. P!
...look where price reacted on the Fork! P! Learn To Earn: mytradingcoach.teachable.com
Potential Support is in play with the WL1 and the CL. P!
EUR is tumbling and now falling out of bed. Swiss People will complain again about the EUR/CHF i guess... ...instead of being innovative. However - i take profits at the centerline ;-) P!
Following the rules and learn to earn. ...be a JeDaI ... J ust D o I t ;-) P!
Could the DAX mark the path? Check out my previous post P!
Yes, i could be dead wrong, as everybody else too. But to me, it's not a question IF the ES will tank...more a question of WHEN. When i see the last closes (pink area), my neck hair shoot straight up to the moon and i think, what else can i sell in my household, to invest in this short §8-)) ...don't take it too serious - it's nothing more then my opinion, which...
Price pearced the upper resistance, crawled above the grey A/R and found support on a small shelf. I would risk little here, so my stop would below the shelf. P! Your seat is waiting - Free online course: mytradingcoach.teachable.com
Yes, now would be the time to enter, if one would like to take a quickie, up to the black A/R line. But unfortunately there is no structure to hide the stop, so i personally let it go. If the the scenario plays out with the pullback back to the green support zone, then i would consider a long, up to the centerline. P! Free Course Action/Reaction & Forks :...
...could correspond with the Daily - see the link to it below "LINK TO RELATED IDEAS" P! mytradingcoach.teachable.com
What i need to redo from time to time is...sit, wait, observe...do nothing. It cleans my brain from thoughts, from guessing... OK, here i sit and observe. ...grab the seat over there and hang out with me. P!