Looking at the touches on the the colored circles you can see how you can catch the top and bottom of price precisely.
The yellow, green and red channels are equidistant or having the same price frequencies. This is defined by using a sliding parallels to capture price frequency when it protrudes out of the pitchfork and failed to reach the Upper Parallel(U-MLH) of the upsloping pitchfork.
Price will be attracted towards the median line show by the red arrow heading towards the ML as circled.
We can expect strong market correction next week as it heads towards the median line. A strong possible down thrust towards the Lower Paralle(L-MLH) is highly probable.
If you are holding any LONG positions, be alert for a major market correction or profit taking this week.
Get ready to short once it is near the ML with the right market action.
The yellow, green and red channels are equidistant or having the same price frequencies. This is defined by using a sliding parallels to capture price frequency when it protrudes out of the pitchfork and failed to reach the Upper Parallel(U-MLH) of the upsloping pitchfork.
Price will be attracted towards the median line show by the red arrow heading towards the ML as circled.
We can expect strong market correction next week as it heads towards the median line. A strong possible down thrust towards the Lower Paralle(L-MLH) is highly probable.
If you are holding any LONG positions, be alert for a major market correction or profit taking this week.
Get ready to short once it is near the ML with the right market action.
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.