After a sharp fall, price has stabilised and tried to recover some lost ground. The close above the 200-dma is a positive sign too.
The red lines represent Action-Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines.
Price could rally to the upper red line at 680-ish.
The red lines represent Action-Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines.
Price could rally to the upper red line at 680-ish.
Comentário:
Nice move since the previous update. Price is closer to the upper red line or the reaction line. Let's see how price behaves at that line.
Comentário:
Price hits the upper red line or the reaction line. This is not unusual and happens quite often. That is the power of properly drawn Action-Reaction lines