The overall market flow of the major trend is up.
Within the minor pitchfork, we see that price has tried to reach the mini median line but it retraced on tested the previous high of 18.01.2013. From then, it tested on the upsloping major median line (ML).
We expect price will dance along the upsloping ML with target indicated by the purple trendline a.k.a. sliding parallel.
Order type for tighter stop will be using BUY LIMIT ORDER as indicated.
For the conservative trader, use price action for entry.
Within the minor pitchfork, we see that price has tried to reach the mini median line but it retraced on tested the previous high of 18.01.2013. From then, it tested on the upsloping major median line (ML).
We expect price will dance along the upsloping ML with target indicated by the purple trendline a.k.a. sliding parallel.
Order type for tighter stop will be using BUY LIMIT ORDER as indicated.
For the conservative trader, use price action for entry.