The white Fork shows that price fell back to balance.
The orange Fork reveilles where the Pull-Back balance is.
If price is closing below the orange Centerline, then chances are very high that we see price at the white Centerline very soon.
Although I like the company very much, I know what my job in trading is...it's a clear Short to me.
P!
코멘트
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BTW - Here's the dayli view:
코멘트
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I closed my trade (Bear Spread) already with my expected profit. Now I look for a pullback to enter the position again, since price is working it's way still to the South.
Forks & Options are really a perfect combination to trade for consistent income.
Learn more on my website if you like with the Free ForkTrading BLUEPRINT.
Earnings risk ahead. I can see your rationale, sound as always.
Have a nice weekend mate.
Tr8dingN3rd
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sure dude §8-)
your chart is way more LT - so we both could be right in the end.
it's usual that after price reaches the Centerline, it bounces back.
in this case, in fact I believe it will - the market breath is over then.
happy weekend Ivan :)
IvanLabrie
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@Forker, or it breaks it and a new fork has to be drawn. I think it could turn up again today or on Monday. Have you seen the AAII numbers? Quite bullish for stocks.
Hi mate, cheers!