Downloading...
Long
Updated

WDL - Pressure cooker exploded, now at WL1

308
If you follow the price step by step, then you hear it talking to you...
...nope, I'm not nuts §8-)

Start from the left side and read, while you follow the price and give yourself time for your one thinking.

First you can see price action, and how it unfolds.
Then, there is the fork, catching the frequency of price swings very good.
And in the end, we see that price has arrived at the WL1 - First Warning Line.

So, WL1 means, price is stretched and is trying to "relax" again.
This would lead to long move.

What makes me even more certain is, that price created a kind of a stabilisation zone.

Let's see how this unfolds.

P!
Note
OK, there it's on it's way...


snapshot
Note
Target nearly reached - L-MLH and I'm out.
Note
So, target reached on the upside.
Now let's play it short on the daily chart:

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.