PTR - Petro China @ The Puristic Reaction Line:
Action/Reaction is the purest form of Fork Trading.
The blue & white lines are taken from the past swings.
As you can see, price reacts at these levels.
Currently there is a high chance that price could hold at the blue reaction line and therefore move its way to the north.
Babson made over $50'000'000 back in the 1900!!
Years ago I thought, this technique could be worth investing some time and money.
These days I'm happy I did.
In fact, I don't trade anymore without the forks and/or A&R, Newtons universal law.
Let's observe, learn and earn §8-)
P!
The blue & white lines are taken from the past swings.
As you can see, price reacts at these levels.
Currently there is a high chance that price could hold at the blue reaction line and therefore move its way to the north.
Babson made over $50'000'000 back in the 1900!!
Years ago I thought, this technique could be worth investing some time and money.
These days I'm happy I did.
In fact, I don't trade anymore without the forks and/or A&R, Newtons universal law.
Let's observe, learn and earn §8-)
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.