1. The slope of the blue slanted lines are derived from the two consecutive lows.
2. Then this line is projected to the next highest, and in time farthest point.
3. The slope catches the low of the -$40 level.
4. When projected backwards, we see that a high in the past is catched by the lines.
5. The lines catch the bounce.
6. A high potential target is the U-MLH (Upper-Medianline-Parallel.
However, price could bounce back to the white Center Line, as it usually does. From there chances are 50/50 that price breaks down through the center line, or continues to the upside. In this scenario, the target would be above the $200 mark.
2. Then this line is projected to the next highest, and in time farthest point.
3. The slope catches the low of the -$40 level.
4. When projected backwards, we see that a high in the past is catched by the lines.
5. The lines catch the bounce.
6. A high potential target is the U-MLH (Upper-Medianline-Parallel.
However, price could bounce back to the white Center Line, as it usually does. From there chances are 50/50 that price breaks down through the center line, or continues to the upside. In this scenario, the target would be above the $200 mark.
🔱 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🔱 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.