jefftan

jefftan

Wait for retracement up towards Upper Parallel to short down to Median Line.

jefftan

Market flow is down. Price is near the Upper Parallel and shows a doji. You can do a straddle to LONG if it breaks the Upper Parallel or SHORT if it breaks the low of yesterday candle.

jefftan

Wait for price to near the Upper Parallel before shorting.

jefftan

Price resting on L-MLH with possible protrusion downwards to the purple sliding parallel.

jefftan

Price closed above ML so will attempt to head towards U-MLH

jefftan

This week, price has finished is retracement towards the red downsloping U-MLH and initiated an upward move towards the black ML line. Price target is 17.41. This is a long term trade that will last 5-6 months with move completing in May - Jun 2015.

jefftan

79.92 portrays a strong resistance on the upside. Price has been riding on the upsloping fibo 1.382 as support. We forsee an impending triangular energy trap if price is squeezed into this area. Expect strong price reaction as it escapes the triangular trap.

jefftan

Possible short trade as price is trapped and doing a rolling pin action between the purple sliding parallel and near the median line.

jefftan

Previously on 2913.10.18 I forecasted that price will hit the thick median line before we will see a reversal. Let's see if it gravitates the the L-MLH as depicted in the downsloping red arrow.

jefftan

The beauty of multiple prices and as Frank rightly coined it "Poetry in Motion". Price did a nice gap cross-over to the upper band before it was arrested by L-MLH.

jefftan

Nice validation on the big pitchfork. Price will be attracted back to the median line again.

jefftan

Price rests snugly on median line.

jefftan

Wait for retracement to LONG but price did a wonderful Gap Cross Over switching back to old familiar blue channel.

jefftan

Price is doing a rolling pin movement between the purple sliding parallel and the median line.

jefftan

Price is attempting to clear WL-2. Possible weakening on the upside.

jefftan

Previously

jefftan

Previously on 2013.09.28 www.tradingview.com 2013.09.19 2013.09.13 2013.09.05 2013.08.23 2013.08.02 2013.07.23 2013.07.24 2013.07.29 Target of upper yellow channel reached. Let's see if it retraces for a possible re-entry or will this register a nice gap cross over into the green channel

jefftan

Looking at the touches on the the colored circles you can see how you can catch the top and bottom of price precisely. The yellow, green and red channels are equidistant or having the same price frequencies. This is defined by using a sliding parallels to capture price frequency when it protrudes out of the pitchfork and failed to reach the Upper Parallel(U-MLH)...