The Red Pitchfork is a Pendulum-Fork.
It grabs the biggest Swings and projects the most probable path of price, like in this chart.
The Count starts at P0 and relies on the REAL Swings that I teach you guys & gals. Therefore the Bump from the green Support-Line is NOT a Up-Swing. It's just the center part of a Sine-Wave.
Then P3 is created, breaking the Support from the Low of P1, and continues up to the Center-Line of the Orange Pitchfork at P4.
Since we know that
a) price has a high chance to turn in the opposite direction after reaching the Center-Line
AND
b) The Pivot Count ends and restarts at P5
AND
c) Price is still trading within the Red Pendulum-Fork
...we have a 80% Chance to reach the Center-Line of the Pendulum Fork around 1100 or even lower.
By when?
No clue yet, but have to drink another Coffee to read in the Ground again later §8-)
OK, I admit, that's a kind of a Black-Swan event.
But, I just follow my rules, my Framework and that is what I currently see.
The opposite side of this is, that the 0-3/5 Count is just a simple "Flag", and price Skyrockets to the green Center-Line of the Green Fork, around 16050 - 16250,
Taking the overall World situation, the incredible debt of countries like the USA, EU and others into the Blue-Print, I vote for the first scenario.
My Helmet sits tight.
Peace4TheWorld!
It grabs the biggest Swings and projects the most probable path of price, like in this chart.
The Count starts at P0 and relies on the REAL Swings that I teach you guys & gals. Therefore the Bump from the green Support-Line is NOT a Up-Swing. It's just the center part of a Sine-Wave.
Then P3 is created, breaking the Support from the Low of P1, and continues up to the Center-Line of the Orange Pitchfork at P4.
Since we know that
a) price has a high chance to turn in the opposite direction after reaching the Center-Line
AND
b) The Pivot Count ends and restarts at P5
AND
c) Price is still trading within the Red Pendulum-Fork
...we have a 80% Chance to reach the Center-Line of the Pendulum Fork around 1100 or even lower.
By when?
No clue yet, but have to drink another Coffee to read in the Ground again later §8-)
OK, I admit, that's a kind of a Black-Swan event.
But, I just follow my rules, my Framework and that is what I currently see.
The opposite side of this is, that the 0-3/5 Count is just a simple "Flag", and price Skyrockets to the green Center-Line of the Green Fork, around 16050 - 16250,
Taking the overall World situation, the incredible debt of countries like the USA, EU and others into the Blue-Print, I vote for the first scenario.
My Helmet sits tight.
Peace4TheWorld!
코멘트:
Is it starting? Let's let it close inside for more information:
코멘트:
Price reached the U-MLH and is at it's extreme according to the rules of the Medianlines.
From now on, I'm stalking a short signal intraday.