Sometimes we have just too much bars on the chart. But even then, it's possible to get what's going on if you give yourself some context.
Most important are the real swings.
Pitchforks of course project the most probable path of price, show extremes and even the balance at the centerline.
So what's up here?
Well, price is at the Centerline of the white Fork, after it overshoot the upper extreme the second time.
From here, building a position could make sense if you want to play on the long side.
P!
Most important are the real swings.
Pitchforks of course project the most probable path of price, show extremes and even the balance at the centerline.
So what's up here?
Well, price is at the Centerline of the white Fork, after it overshoot the upper extreme the second time.
From here, building a position could make sense if you want to play on the long side.
P!