The white fork gives us the most probable path of price on a longterm scale, it's up.
The yellow fork is the opposite force, and projects the potential for a pullback from the very top, with the target at the centerline.
The price drop through the yellow centerline lead in a halt right before the L-MLH (Lower-Medianline-Parallel) of the yellow Fork.
This halt, or "not reaching the L-MLH) is called a HAGOPIAN in the Forkers term. It gives us a heads up that price will move in the opposite direction more then from where price came (...from the yellow centerline).
In short:
- Price has reached a high probability area where it has the tendency to turn the current trend.
- Confluence of two Fork-Lines indicate the same.
- The uncleared HGPN at the yellow L-MLH tells the same.
- The red pressing line looks scary, but is probably just a fake.
- A "Flush" of the longs below the yellow Centerline, and then a sharp climb up above again would not be surprising.
P!
The yellow fork is the opposite force, and projects the potential for a pullback from the very top, with the target at the centerline.
The price drop through the yellow centerline lead in a halt right before the L-MLH (Lower-Medianline-Parallel) of the yellow Fork.
This halt, or "not reaching the L-MLH) is called a HAGOPIAN in the Forkers term. It gives us a heads up that price will move in the opposite direction more then from where price came (...from the yellow centerline).
In short:
- Price has reached a high probability area where it has the tendency to turn the current trend.
- Confluence of two Fork-Lines indicate the same.
- The uncleared HGPN at the yellow L-MLH tells the same.
- The red pressing line looks scary, but is probably just a fake.
- A "Flush" of the longs below the yellow Centerline, and then a sharp climb up above again would not be surprising.
P!
הערה:
הערה:
Nice...liky! §8-)
Happy weekend all & P!