Price bounced many times at the Green Support-Zone. It's the same level where the Huge Pendulums Fork Center-Line is (white-dashed).
Next, we have the Yellow Fork.
Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time.
But now, I think the "Plate" is almost empty.
Why? Price arrived at a decision point, a confluence point. This confluence point is where the Warning-Line and Price intersect.
To me, a Long Trade is more likely than a Short.
- world wide tensions
- so many bounces at the Support-Zone, they won't let price go down much
- price has not re-tested the L-MLH of the Yellow Pitchfork
As this is a very long term play, it's obvious that this Chart/Idea would serve to build a position, rather than using it as a simple trade.
Next, we have the Yellow Fork.
Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time.
But now, I think the "Plate" is almost empty.
Why? Price arrived at a decision point, a confluence point. This confluence point is where the Warning-Line and Price intersect.
To me, a Long Trade is more likely than a Short.
- world wide tensions
- so many bounces at the Support-Zone, they won't let price go down much
- price has not re-tested the L-MLH of the Yellow Pitchfork
As this is a very long term play, it's obvious that this Chart/Idea would serve to build a position, rather than using it as a simple trade.
Dagangan aktif
On the Daily it starts to gain momentum:
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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.