We see two opposing forces:
1. The orange Action/Reaction lines.
It's boundaries are the upper and lower line. The centerline is where price is in balance. It's a level where Bulls & Bears will fight. The outcome decides if price climbs above, or get rejected to the downside.
2. The white Pitchfork. The same principals applies to this tool.
What we can expect now is a rise up to the orange centerline. Chances for price to trade to a centerline are over 80%, each and every time!
If price climbs above it, then price will proceed up to the white centerline before a potential resistance comes into play again.
These are just the short term targets. Of course, a U-MLH (Upper-Medianline-Parallel) is always possible to reach and very often, price will do over time.
P!
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free beginners course:
1. Klick the link at the bottom of this post (on TradinvView.com) to get to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course
1. The orange Action/Reaction lines.
It's boundaries are the upper and lower line. The centerline is where price is in balance. It's a level where Bulls & Bears will fight. The outcome decides if price climbs above, or get rejected to the downside.
2. The white Pitchfork. The same principals applies to this tool.
What we can expect now is a rise up to the orange centerline. Chances for price to trade to a centerline are over 80%, each and every time!
If price climbs above it, then price will proceed up to the white centerline before a potential resistance comes into play again.
These are just the short term targets. Of course, a U-MLH (Upper-Medianline-Parallel) is always possible to reach and very often, price will do over time.
P!
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free beginners course:
1. Klick the link at the bottom of this post (on TradinvView.com) to get to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course