Price has not yet attained the median line of the blue fork. When price fails to get to the median line we call this a Hagopian. The light gray rectangle is revealing a potential line of buyers. The green fork is revealing the potential continuing path of price to the upside.
Happy Mother's Day!!!
Missed this one. Should've experienced a buy limit.
Follow-up. Bear in mind no transaction.Originally Posted by ;
Gray rectangle represents buyers carried out by the WRB Gap. Price returned to this area and PA affirmed a buy as revealed.
The fork indies the path of price and price attained the median line as it does 80 percent of the time per Andrew's rule.
Sellers puking out it
The green up fork has completed. The line was zoomed and price is analyzing it. However at this point price doesn't have any obligation to continue after the green fork.
A new fork (pink) can be entertained but far throw C of this pink fork is pretty weak. However if PA to the disadvantage produces an adequate C then a trip to the median line of this pink fork is a consideration. Recall price makes it to the median point about 80% of their time.
Lazy to explain this active chart however, the sells were there. I am on call tomorrow and today so having to pass some of this stuff.
I mention that I am a hobby trader. I have few hobbies. Koi pond, Cigars, Wine/Beer, Guns/Rifles/Knives and current events in the US. I am seriously interested in my hobbies and spend some time cultivating them. If you are seriously interested in learning theories associated with trading using median lines and price action then I invite you to PM me and subscribe. Your involvement would be appreciated.
am I correct to accept this transaction?
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