Hi beeb,
Exactly the fork I made yesterday in my trading platform when the bottom seemed to be reached, and I started to hope i will not be stopped out following Coghlans advice on webinar I once saw. The alignment of median with past price action is such that its worth considering and allowed to stretch the a far back.
What I think is Oscillations within this fork for next month with slightly increasing bottoms and tops but below the previous high of 34 . Weekly and daily developments and reaction to nfp point to upwards movement in the next week at least.
BTW, how are these parallel lines within fork in your software placed? I do not have such in mine, it draws fibo distances outside the fork, enlarging it.
One is 50% but the other, closer to the median? 61, 8% from bottom/top of the fork to median or freehand marking resistances/support levels?
Exactly the fork I made yesterday in my trading platform when the bottom seemed to be reached, and I started to hope i will not be stopped out following Coghlans advice on webinar I once saw. The alignment of median with past price action is such that its worth considering and allowed to stretch the a far back.
What I think is Oscillations within this fork for next month with slightly increasing bottoms and tops but below the previous high of 34 . Weekly and daily developments and reaction to nfp point to upwards movement in the next week at least.
BTW, how are these parallel lines within fork in your software placed? I do not have such in mine, it draws fibo distances outside the fork, enlarging it.
One is 50% but the other, closer to the median? 61, 8% from bottom/top of the fork to median or freehand marking resistances/support levels?