OJ - Frozen Orange Juice Is Done
Updated
In my YT Video Analysis I talked about, how OJ is at the Apex and has a high chance to fall down to the Center-Line.
On the daily chart (see the zoomed Screenshot), you see how price is struggling to get above the U-MLH.
Great signs of weakness.
But beware, OJ is super illiquid. This means that this market can get pushed in any direction, in any magnitude.
However, it's very cool to observe, how even such over-pumped markets react to my super tools, the Andrews Pitchfork aka. Medianlines.
Let's observe how this plays out.
We can learn a lot, and use this knowledge in the future for our own trading.
As for the Medianline-Framework, price falls down to the Center-Line when traded outside the U-MLH, and then comes back into the Fork.
Observation Mode ON!
Peace4TheWorld
On the daily chart (see the zoomed Screenshot), you see how price is struggling to get above the U-MLH.
Great signs of weakness.
But beware, OJ is super illiquid. This means that this market can get pushed in any direction, in any magnitude.
However, it's very cool to observe, how even such over-pumped markets react to my super tools, the Andrews Pitchfork aka. Medianlines.
Let's observe how this plays out.
We can learn a lot, and use this knowledge in the future for our own trading.
As for the Medianline-Framework, price falls down to the Center-Line when traded outside the U-MLH, and then comes back into the Fork.
Observation Mode ON!
Peace4TheWorld
Note
OJ is trying again...will it fail?Note
Happy 2024.For everyone that followed the short, I want to remind that the Center-Line would be the target.
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