I wouldn't like to confuse you with the blue 'fork' as I just draw it there as a good entry with very high RRR, but created gap will tell us more, if this fork will work or simply not. Then the price is near demand level where could be reversal on the secene. Anyway the market still remains in strong selling position so for longs, keep your SLs as tight as possbile. :)
This time we moved to 4h chart as on the lower TFs is the 'fork' a little bit messy. Both 'forks' are showing a downtrend, so that's exactly why I am looking for short around the parallels drawn on the picture. I believe the red and blue parallels were broken only and still waiting for next retesting. It should be my entry, confirmed on lower TFs, with good...
As the price is slowly leaving the blue 'fork' which kept us in an uptrend, I am looking for the selling opportunities which are coming with the red 'fork' (well respected). Anway the price behaviour is also still respecting the rising one, we should consider selling around the blue parallels as a very aggressive. More enters based on your analysis and lower...
Market can fell from the trend line of Andrew's Pitchfork trough the Gann square where is a resistance. Market can advance again to the Median Line, or only to 50% pitch's level.