In this short-term timeframe, we see that price reached the Lower-Medianline-Parallel to the tick, coming from above the Centerline (dashed).
The failure above the CL—indicated by the HAGOPIAN (the missing of the next line)—was the clue once we saw the close below the CL.
Currently at the L-MLH I observe the «Pressing». If the pressing line holds on a break & pullback, we will either get a big bounce to fill the GAP at roughly $110, or potentially even higher, back toward the white CL again.
But if we see Crude open and close below the red Centerline, then the 1/4 is the first target around $80, followed by the Lower-Medianline-Parallel (L-MLH) near $70.
The failure above the CL—indicated by the HAGOPIAN (the missing of the next line)—was the clue once we saw the close below the CL.
Currently at the L-MLH I observe the «Pressing». If the pressing line holds on a break & pullback, we will either get a big bounce to fill the GAP at roughly $110, or potentially even higher, back toward the white CL again.
But if we see Crude open and close below the red Centerline, then the 1/4 is the first target around $80, followed by the Lower-Medianline-Parallel (L-MLH) near $70.
Not
Even the good news where not able to hold Crude down.Next: GAP-Fill, up to at least the Centerline.
🔱 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🔱 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.