The monthly Chart tells us "no no!".
But the dayli may carry this opportunity for us.
The Fork catched the frequency of support & resistance (blue circles).
We know that price is reaching the centerline over 80% of time.
But this doesn't mean, that it's going straight to the CL.
If you observe the price behaviour, you clearly se the last "sinewave" move (green "flash").
It's also kinda mesured move, which is over now - what brings me to the conclusion that
price has a high potential to fall down again.
If price is heading south, next natural stop is the CL. of the blue fork. And this again is
exactly where the last Pivot-High was, which gives us a natural support too.
P!
Learn Action/Reaction Basics here (free4you): mytradingcoach.teachable.com/
But the dayli may carry this opportunity for us.
The Fork catched the frequency of support & resistance (blue circles).
We know that price is reaching the centerline over 80% of time.
But this doesn't mean, that it's going straight to the CL.
If you observe the price behaviour, you clearly se the last "sinewave" move (green "flash").
It's also kinda mesured move, which is over now - what brings me to the conclusion that
price has a high potential to fall down again.
If price is heading south, next natural stop is the CL. of the blue fork. And this again is
exactly where the last Pivot-High was, which gives us a natural support too.
P!
Learn Action/Reaction Basics here (free4you): mytradingcoach.teachable.com/
