Please refer chart for details.
*** As the pitchfork direction is downward we will look only for short setups with minimal risk.
*** As the pitchfork direction is downward we will look only for short setups with minimal risk.
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waiting for price to bounce
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Bounce can expect now
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if US Oil bounce from here, lets look at top to short
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if price breaks the median line, we will look for short while re-testing the median line
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Trade active:
Pin bar -- Short if price breaks the red horizontal line
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No trade as we didn't get good price action (might be Friday effect :) - will wait for another opportunity
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Good thing is that pitchfork nicely spotted the bounce from median line
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