The One: Price Action and Reaction

I use median lines after careful analysis of major and minor swings and price action plus a few other things. I decide how and when to include median lines rather than letting a tool tell me. In essence I make a decision to trade within a certain swing and then use median lines to help guide the trade. While median lines can provide direction I really don't trade the lines. Rather I trade very specific price action within the context of the swing I've isolated. So I use the tool rather than the tool using me.

If you let the median line tell you how to trade then it's no better than letting an indicator tell you how to trade.

Both of these forks are describing price nicely. However price has violated the orange fork and seems to favor the down fork. A pivot has occurred at the center median line of the orange fork as shown by the purple arrows. Currently price is testing horizontal buyers.

Price action occurs at bar level and structure level. Here there is a large outside bar structure. Currently price is testing the outside bar structure's mid point.


Zooming in we see a pivot has occurred shown by the purple arrows. I did not take this but this for me is a nearly picture perfect entry with target at the green median line.

Price has broken down out of the range. The up fork is clearly violated to the down side and a new down fork has emerged.

hello Winston, I like this fork a lot personally. it shows the cascading action down.

I apologize I have been out this week. Here is what I have on the EUR 1h

Basic and AR set shown

I modified the A point on the pink fork to be more of an AR set down.

USDJPY and AUDJPY and GBPUSD that I had been watching for a while

Swing A to B was the largest swing on this chart. Swing C to D is = Swing A to B and the modified Schiff is used to describe this scenario. After D price returns to the median line then descends and breaks down below the orange fork and point D and makes a new low thus confirming swing high C. (a new low confirms a swing high and a new high confirms a swing low).

The black downtrend multi-pivot lines describe the upper and lower borders of the pullback. The lower multipivot lines are broken as is the orange fork.



The break of the orange fork and formation of a new low signals potential opportunity. Often when price "breaks-out" it does not provide opportunity but in this case there was opportunity.
Zooming in on this chart price breaks down and then forms a coil or consolidation as it is sometimes called. Within the coil a "tail" or "pinbar" forms. It closes near it's open and represents bullish effort. Later the coil breaks down taking out this bullish tail effort. This significant event is retested later and it is this retest that provides opportunity to get short.

Watching and following.

Looks interesting

Checkin' out the 3 min euro.

from the low up 10 candles flat 43 candles up 10 candles flat 43 next

Eur 1h update

Aud 1h

Test and Retest marked

Very Good

5 min retouch