Quarterly (Upper Right)
- price reached a natural , where a break is expected
Monthly ( UL )
- the quarterly natural , mirrored on the monthly has confluence with the Centerline. Price reached the Centerline a couple times now. If we can't crack the Centerline, then price will fall back, at least to a quarterly natural .
The weekly Fork gives more insight.
Here we see that there is more room to the Centerline. But as we know, markets breathe in and out. So a pullback to the weekly levels would be no surprise. From there, a further attack towards the Centerline would be expected, because this slope of the Fork is different then the Weekly!
Crude cracked the last days high and is falling below it, as of the time I write this analysis. Potential levels are the weekly and the L-MLH too.
Depending on your trading timeframe, you know have a lot to go through and many potential levels to trade off.
Consider the footer of this analysis to learn more.
News Blog: http://www.forktrading.com/forktrading-blog
Hey Cabron - Great to hear you can benefit from the information.
Keep up learning and don't go too fast...let it sink in, like a good wine into the blood §8-)