The AO Indicator and the highs show us repeating Divergence.
Sine Wave The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp.
Fork And finally the Pitchfork. This instrument reveals us the center of the whole two part up-swing (Sine Wave). At least there is a over 80% chance that price will reach the Centerline. So, partial profit taking would not be a dumb idea.
My short will be initiated on a break of the dotted Trendline.
Comentário
On track. Let's let it ride.
Trade ativo
Partial Profit on the centerline is OK. Let's see if the rest can break the lower part of the Sine Wave.
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