What I did was to start my P0 anchor on the 11-27 low time line. After setting the P1 and P2 anchors I just kept pulling P0 straight upwards until price showed a lot of respect for the ML...this is called an alternate P0 formation.
What we are both doing here kapital, is drawing action/reaction lines and that's considered to be advanced. The major thing we are all looking for is support/resistance and we both have that.
Edit: Please don't misconsture the above to mean that this is the correct way to draw action/reaction lines...they are different and are drawn differently.
What we are both doing here kapital, is drawing action/reaction lines and that's considered to be advanced. The major thing we are all looking for is support/resistance and we both have that.
DislikedYes Gt3rs, I'm aware that my drawing isn't the standard pitchfork. However the basic principles still apply. Just another knife to have in the drawer.Ignored
Listen to the whispers....
You may learn something