Joined Mar 2008
Status: He who believes has eternal life.
I wanted to share something that I see a lot, that I have gone over in the past, but this looks as a good example. Many times price will go through a support level on a fork, or create a higher support level with the same frequency, a new sliding parallel (SH). When this happens you have to realize that price may not be going to the median line, but rather a lower or higher level of support or resistance. Study the chart provided, and you will see that the overall target may have been the median line, but price did not get above first resistance (R1)
Attached Image (click to enlarge)
The things that we love tell us what we are Thanks Redsword11 and Tim Morge