The modified Shiff-Fork describes price very nice. We see how price find's it's way back to balance, below from the L-MLH.
From the balance, the Centerline, price got rejected declined in a natural fashion into the prior Buy-Zone again, where we see confluence with the L-MLH, the lower extreme.
The last Mile looks like price got pressured down. And as the ForkTrading members know, pressure lines often get broken to the opposite side.
A rise up to the Centerline, or even up to the U-MLH seems likely to me.
Let's find out if it holds true.
P!
...don't forget to subscribe to the Free ForkTrading BLUEPRINT on my website.
From the balance, the Centerline, price got rejected declined in a natural fashion into the prior Buy-Zone again, where we see confluence with the L-MLH, the lower extreme.
The last Mile looks like price got pressured down. And as the ForkTrading members know, pressure lines often get broken to the opposite side.
A rise up to the Centerline, or even up to the U-MLH seems likely to me.
Let's find out if it holds true.
P!
...don't forget to subscribe to the Free ForkTrading BLUEPRINT on my website.
...let's see if it can stay above.