Here you see 4 different timeframes:
Quarterly (Upper Right)
- price reached a natural resistance level, where a break is expected
Monthly (UL)
- the quarterly natural resistance level, mirrored on the monthly has confluence with the Centerline. Price reached the Centerline a couple times now. If we can't crack the Centerline, then price will fall back, at least to a quarterly natural support level.
Weekly (LL)
The weekly Fork gives more insight.
Here we see that there is more room to the Centerline. But as we know, markets breathe in and out. So a pullback to the weekly levels would be no surprise. From there, a further attack towards the Centerline would be expected, because this slope of the Fork is different then the Weekly!
Daily (LR)
Crude cracked the last days high and is falling below it, as of the time I write this analysis. Potential levels are the weekly and the L-MLH too.
Depending on your trading timeframe, you know have a lot to go through and many potential levels to trade off.
Consider the footer of this analysis to learn more.
P!
Quarterly (Upper Right)
- price reached a natural resistance level, where a break is expected
Monthly (UL)
- the quarterly natural resistance level, mirrored on the monthly has confluence with the Centerline. Price reached the Centerline a couple times now. If we can't crack the Centerline, then price will fall back, at least to a quarterly natural support level.
Weekly (LL)
The weekly Fork gives more insight.
Here we see that there is more room to the Centerline. But as we know, markets breathe in and out. So a pullback to the weekly levels would be no surprise. From there, a further attack towards the Centerline would be expected, because this slope of the Fork is different then the Weekly!
Daily (LR)
Crude cracked the last days high and is falling below it, as of the time I write this analysis. Potential levels are the weekly and the L-MLH too.
Depending on your trading timeframe, you know have a lot to go through and many potential levels to trade off.
Consider the footer of this analysis to learn more.
P!