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Waiting4Godot

1,863 Posts.

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09/01/17

22:32

Post #: 21779192
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Originally posted by DrFork ↑

@Waiting4Godot, congratulations on the upcoming nuptuals. Really hope for and wish you all the best.

@raskolnikov, CXO chart and analysis:

I was looking for a long time for a fork to describe the downtrend and finally found the blue Schiff fork that does the job exceedingly well. Makes fork analysis going forward a lot easier for me now that I can explain this. Note how price gapped over the blue median on news and met resistance at the top blue tyne and then followed it down as it proved strong resistance. Once price broke the top blue tyne, it has put in a series of higher highs and higher lows as it tracked the lower aqua tyne up. Note resistance when it met the first white warning line and the backtest of the break of the blue warning line and today's strong move above it. Price has moved off lower aqua tyne and is an 80% chance statistically to make the aqua median with ST resistances along the way. Today's bar met resistance from the green warning line.

Note also the EMA 13/48 cross which occurred today. Statistically the most valid set of MA pairs.

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Thanks Nambo great to see us again man. If u prefer I can call you Dr Fork as I feel this may become a name of another red heart soon. Icon Sth like that.
9 Upvote

0 Great analysis

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