ES - E-Mini is naging at the U-MLH
What do we see here on this chart?
We see the white down-sloping Pitchfork, giving us the most probable path of price, of course on the pendulum swing level.
The blue A/R set.
It show's us nothing less then the center and the lower and higher extremes on a normal swing level.
See where price get hammered back at the confluence of the red zone and the blue, dashed A/R line? Watch the last closes...
If we break above the white U-MLH (Upper-Medianline Parallel), then chances are over 80% that we hit the yellow Centerline (CL) of the yellow Pitchfork.
If we fall below the L-MLH (Lower-Medianline Parallel), then chances are over 80% that we will see prices at the white Centerline!
We better prepare for both scenarios and put our portfolio in balance and potential trades in place...
If you want to learn how to find high probability trades, then I have a free course for you on my website.
See the footer of this post.
P!
We see the white down-sloping Pitchfork, giving us the most probable path of price, of course on the pendulum swing level.
The blue A/R set.
It show's us nothing less then the center and the lower and higher extremes on a normal swing level.
See where price get hammered back at the confluence of the red zone and the blue, dashed A/R line? Watch the last closes...
If we break above the white U-MLH (Upper-Medianline Parallel), then chances are over 80% that we hit the yellow Centerline (CL) of the yellow Pitchfork.
If we fall below the L-MLH (Lower-Medianline Parallel), then chances are over 80% that we will see prices at the white Centerline!
We better prepare for both scenarios and put our portfolio in balance and potential trades in place...
If you want to learn how to find high probability trades, then I have a free course for you on my website.
See the footer of this post.
P!
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.