Y-FORK
AUDUSD - Intention set, now huntWe know price is going from one line to another over 80% of time.
And now this pair shows intention to travel to the south.
Opportunity - so I prepare to pull the trigger.
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AA - Alcoa left the Centerline Pullback...In this overall DT, AA tried to recover two times which we see, how price was moving above the PB-Fork's CL.
Now, price again fell below and pulled back to it.
This time it will blow off at least down to the MLH.
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CL - Crude hiding the real journey?Price missed to fulfill the balance, which by the rules of Action/Reaction means, it will go more in the opposite way then from where it came.
In this case, CL would travel down below the blue CL, and as we know, chances are that price will reach the CL (the white one in this case) over 80% of time ...umpf...long way down if it works out like this.
Selling Call Spreads or Risk Reversals are a nice way to short it, instead of taking a pure Future Risk.
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VZ Verizon - Short with couple reasonsLT resistance and the confluence @ the CL give me the right to short VZ.
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Short idea for FORK tomorrow morning.Thinking of paper trading FORK tomorrow morning for a few reasons.
1. Overall bearish trend
2. MFI and RSI both in overbought areas
3. Price seems to be pretty overextended
4. Just finished learning Fibonacci's and the closing price of FORK is right around that 1.618 Fibo extension area, which is also a previous area of resistance
Signs against this short, that I can see, are:
1. Bullish candlesticks in recent price action
2. Continued large buying volume
3. A recent pos. divergence in the MFI 10 (However, the most recent price action that has taken place had occurred after the apparent divergence)
ETC to be or not to beWe've hit cruicial level right now. i belive the future of ETC will be decided right here around 0,0037. this is the last chance for rebound and confirm the uptrend we were in all along. it can happen either way so i wont pick any side let's just sit watch. i wouldn't long ulness we breakup from the triangle and go over 0,0048.. if we do there will be a lot of room for gains so i recommend patience...
AUDUSD - Learn & EarnBouncing at the A/R (thin blue), next station would be the L-MLH.
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Learn & Earn:
GC - Gold going to......the Centerline of course ;-)
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Yes, it's so easy, if you know how to apply the tools the right way.
Learn To Earn:
NG - NatGas approaching 3.10...but first, the pullback to the A/R & U-MLH.
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Learn To Earn: mytradingcoach.teachable.com
TSLA - North hard!From Centerline to Centerline...
Learn To Earn...
...to use Action/Reaction & Forks...the right way.
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RUT - IUX...where it will open today?For our Options Butterfly Traders:
Here we can see the close from yesterday 23.6.16
Watch how price act on the Forks & Action/Reaction lines.
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Larn To Earn: mytradingcoach.teachable.com
A Fork to play with a nice divergence on 1h chartLong at this level, Stop loss 1263.20. First target is 1280
CL - Crude going southThe bounce up to the L-MLH is one of the simple rules i use very often.
Projected target is based on A/R of the last up- swing.
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