CFD Oro (US$/OZ)Long
Andrews pitchfork
Price could not touch Median Line and a Hagobian Gap* has builded up,
then broke sliding parallel,which is sign of weakness.
I am awaiting a fall until 1890-1900 area,
which is a suffient level for open a long position,
in case countertrendline breaks.
//*If the price hasn’t been able to touch the median line
(20% of the time), the market intends to form a bigger wave in the opposite direction,
i.e., if the market has formed an ascending pitchfork but hasn’t touched the median line,
it is probable that a descending rally begins in the market.
then broke sliding parallel,which is sign of weakness.
I am awaiting a fall until 1890-1900 area,
which is a suffient level for open a long position,
in case countertrendline breaks.
//*If the price hasn’t been able to touch the median line
(20% of the time), the market intends to form a bigger wave in the opposite direction,
i.e., if the market has formed an ascending pitchfork but hasn’t touched the median line,
it is probable that a descending rally begins in the market.
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