Let's not make trading harder than it is.
All we can do is project - or read the Coffee ground.
I'll prefer to use my projections with the Medianlines, using the Fork as my main tool.
The nice part with this is, that I can relay on a proven framework with rules.
Adding some risk & money management to it and the soup is ready to enjoy.
So, I follow the same process with the ES.
I see that price got rejected at the 1/4 line of the WL (Warning Line), and that price missed it to reach the WL1, which is a HAGOPIAN. That makes me lean on the rule, that price will go farther in the opposite direction than from where price came from (U-MLH).
I outlined the scenarios with the arrows what to expect in the next weeks.
Personally I'm overall very, very bearish, and I see the move to the Centerline coming. But this is just my opinion.
All we can do is project - or read the Coffee ground.
I'll prefer to use my projections with the Medianlines, using the Fork as my main tool.
The nice part with this is, that I can relay on a proven framework with rules.
Adding some risk & money management to it and the soup is ready to enjoy.
So, I follow the same process with the ES.
I see that price got rejected at the 1/4 line of the WL (Warning Line), and that price missed it to reach the WL1, which is a HAGOPIAN. That makes me lean on the rule, that price will go farther in the opposite direction than from where price came from (U-MLH).
I outlined the scenarios with the arrows what to expect in the next weeks.
Personally I'm overall very, very bearish, and I see the move to the Centerline coming. But this is just my opinion.
Nota
Patiences is key here.Awaiting PTG1
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.