S&P 500 -Short if closeing in the Fork
The count speaks for it self.
However, P5 started a new count to the downside.
The under- and overshoot where wonderful. Picture perfect I would say. But price traded back into the Fork again, not able to reach the Centerline.
We (Medianline & Pitchforker) call this a HAGOPIAN.
So, price should go back farther than from where it came (P5).
But so far it couldn't reach this level again. And if the ES close today lies again within the Fork, then guess what we have?
Right, a new HAGOPIAN and again a target way below at the Centerline.
Which one?
I leave it up to you to manage your trades.
However, P5 started a new count to the downside.
The under- and overshoot where wonderful. Picture perfect I would say. But price traded back into the Fork again, not able to reach the Centerline.
We (Medianline & Pitchforker) call this a HAGOPIAN.
So, price should go back farther than from where it came (P5).
But so far it couldn't reach this level again. And if the ES close today lies again within the Fork, then guess what we have?
Right, a new HAGOPIAN and again a target way below at the Centerline.
Which one?
I leave it up to you to manage your trades.
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