Price was not abel to trade out of the white forks U-MLH and got constantly rejected.
It cracked the little support and fell down, but missed the white Centerline, creating a HAGOPIAN.
Then price traded outside of the white fork, following a textbook test/retest at the white U-MLH and found support.
The yellow fork points upwards, showing us the most probable path of price.
Going long near the white U-MLH gives us several potential targets:
1. the orange Centerline
2 the yellow Centerline
3. the HAGOPIAN target line.
4. the orange U-MLH
Stops would be below the last red bars low, because this, as of the time of writing, is the best structural level to hide behind.
I'm off to the mountains, have a happy trading day!
It cracked the little support and fell down, but missed the white Centerline, creating a HAGOPIAN.
Then price traded outside of the white fork, following a textbook test/retest at the white U-MLH and found support.
The yellow fork points upwards, showing us the most probable path of price.
Going long near the white U-MLH gives us several potential targets:
1. the orange Centerline
2 the yellow Centerline
3. the HAGOPIAN target line.
4. the orange U-MLH
Stops would be below the last red bars low, because this, as of the time of writing, is the best structural level to hide behind.
I'm off to the mountains, have a happy trading day!
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.