This market is only for a view investors, but really not recommended for retail traders with pockets smaller then a couple Millions.
As for the chart analysis on the weekly timeframe, we see that price had blown through the confluence point and through a couple resistance ranges.
The target is the white centerline.
A potential pullback to the prior resistance is absolutely possible.
Remember what Forks are for: "They project the most probable path of price", nothing more, nothing less. So as long as price trades within the white up-sloping Fork, the direction is clear.
Don't mess with the Dragon if you're not really sure you can handle him...
P!
As for the chart analysis on the weekly timeframe, we see that price had blown through the confluence point and through a couple resistance ranges.
The target is the white centerline.
A potential pullback to the prior resistance is absolutely possible.
Remember what Forks are for: "They project the most probable path of price", nothing more, nothing less. So as long as price trades within the white up-sloping Fork, the direction is clear.
Don't mess with the Dragon if you're not really sure you can handle him...
P!
Nota
Weekly only:
🔱 Follow The Fork 🔱
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🔱 Follow The Fork 🔱
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
👉 Avoid subjectivity.
👉 Find multiple R Trades.
👉 Trade the Medianles aka Pitchfork Edge
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.