Price retests the L-MLH.
VI. - Price breaks upward, target is the centerline
VII. - Price reverses again, then the target is the 1/4 line, with a subsequent extended target at the red centerline, and possibly even lower at the white dashed warning line.
On a personal note:
I was once again told that the price didn’t do what I had projected.
...yeah, really, that’s how it is §8-)
After over 30 years in the markets and hundreds of coaching sessions, I’m still amazed that people think you can predict price movements as if with a magic crystal ball.
The fact that this belief still persists (even though they don’t understand even the absolute basics of trading) deeply concerns me at the core of my trading soul.
Because this growing irrationality clearly indicates that far too little is being done in terms of education – or humanity might simply go extinct in the next 100 years due to rapidly declining intelligence!
...maybe I should just create a chart and apply a few median lines/forks?
Happy trading to all of you and I pray for those with lesser brain power.
VI. - Price breaks upward, target is the centerline
VII. - Price reverses again, then the target is the 1/4 line, with a subsequent extended target at the red centerline, and possibly even lower at the white dashed warning line.
On a personal note:
I was once again told that the price didn’t do what I had projected.
...yeah, really, that’s how it is §8-)
After over 30 years in the markets and hundreds of coaching sessions, I’m still amazed that people think you can predict price movements as if with a magic crystal ball.
The fact that this belief still persists (even though they don’t understand even the absolute basics of trading) deeply concerns me at the core of my trading soul.
Because this growing irrationality clearly indicates that far too little is being done in terms of education – or humanity might simply go extinct in the next 100 years due to rapidly declining intelligence!
...maybe I should just create a chart and apply a few median lines/forks?
Happy trading to all of you and I pray for those with lesser brain power.
Trade closed: target reached
PTG reached, trade over:
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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.