So far, price was not able to close above the U-MLH.
Instead it ran into the natural prior support, which acts now as resistance.
With a second close into the Fork, after price went outside, we would have a very big chance that we see price much lower, somewhere at the Centerline.
Bevor the Centerline, there's a natural support.
It's a weekly level where price could first take a bounce, bevor reaching our target, the Centerline.
Such a unfolding (of a bounce) would fit perfectly into the natural movement of price fluctuation. Always remember - Markets breathe in and out. So this bounce would be just natural.
Trade small, but often!
P!
Instead it ran into the natural prior support, which acts now as resistance.
With a second close into the Fork, after price went outside, we would have a very big chance that we see price much lower, somewhere at the Centerline.
Bevor the Centerline, there's a natural support.
It's a weekly level where price could first take a bounce, bevor reaching our target, the Centerline.
Such a unfolding (of a bounce) would fit perfectly into the natural movement of price fluctuation. Always remember - Markets breathe in and out. So this bounce would be just natural.
Trade small, but often!
P!
Trade fermée: ordre d’arrêt atteint
Perfect example - There is no crystal bowl and no such thing as 100% in the world.Stops are part of the game plan and as such I've learned to appreciate them, because they protect my capital.
Toast...next ;-)
P!
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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.