This Idea is illustrating how a breach of the lower parallel is an early warning that their there is underlying weakness in the Aussie and if it closes below this angle there is a high probability that it will head towards the next ML. Notice how steep the downward fork is:) Also notice that swings P1 to P2 to P3 to P4 to P5 are all expanding, ( in this case called a Skewed Expanding Pivot ie P4 is higher than P2 ).
Sincerely,
TIK
Sincerely,
TIK
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.