Once again the simple Pitchfork does a fabulous job of containing price action and providing key reference point. Check the chart annotations.
As shown in the chart, the pitchfork pattern indicating that the price action is trending downward.
Am having this downsloping fork as a What-if candidate. This gives me a better perspective and a balanced view. Check annotations in the chart
Price has hit the medianline and #Andrews101 states that price could turnaround or congest or breakthough that medianline and progress higher. Of the three options, the third one seems unlikely given the fall on Friday. The other two options - Congestion or turnaround (trend-reversal) are the two potions we are left with. We just have to wait for a few weeks to...
Price has hit the medianline and #Andrews101 states that price could turnaround or congest or breakthough that medianline and progress higher. Of the three options, the third one seems unlikely given the fall on Friday. The other two options - Congestion or turnaround (trend-reversal) are the two potions we are left with. We just have to wait for a few weeks to...
Already In 1349.70 EOD call Option