We can clearly see how the price action aligns with the case that this will more probably not stop here but just from the elements that we have I would like to point out a couple of things that I think might be worth watching.
Pitchfork Nr1: We see how Median Line principle #4 applies here when we don't reach the median line and we have a move on the opposite side equal to or greater than the swing that preceded it.
Pitchfork Nr2: We just hit the Median Line on this one and the upper parallel from the Internal Pitchfork that contained the price since we missed the Median line on Pitchfork Nr1.
Given the fact that we are in a new range from a Support/Resistance perspective, I think that if we're not breaking it the price will consolidate for a bit within that vertical range that we just broke.
Pitchfork Nr1: We see how Median Line principle #4 applies here when we don't reach the median line and we have a move on the opposite side equal to or greater than the swing that preceded it.
Pitchfork Nr2: We just hit the Median Line on this one and the upper parallel from the Internal Pitchfork that contained the price since we missed the Median line on Pitchfork Nr1.
Given the fact that we are in a new range from a Support/Resistance perspective, I think that if we're not breaking it the price will consolidate for a bit within that vertical range that we just broke.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.