GE on weekly. Nice bounce off median line neat 7.50.
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pitchforks
- Thread starter racehorse
- Start date
Quote from konviction:
Very nice test, and bounce off median line on fsys weekly. We had a nice pullback the next couple of days and I'm looking to get in if possible. I already have 5 positions on so I might pass, but keep it on your radar.
I recall Morge mentioning that when using a pitchfork they work better when the don't exceed fib retracements, because many look at fibs, self fulfilling prophecy or not, who knows. Looking at you drawing the obvious swing in your drawing looks like approx. a 78% so that's good. I haven't checked out Tim's free webinars in awhile, because they were really early 5:30 AM before, but was pleasantly surprised they are mid day now.
this ones pulling back nicely kon, good catchQuote from konviction:
GMCR. The original fork had been broken long ago, but its warning lines still held true. Price is at the warning line as well as the upper fork line on the smaller fork...this is called an energy point, and things can get interesting at these areas.