I have discovered a very simple and surprisingly effective way to construct pitchforks based on Hull MA (100), in all of the similar cases a sliding parallel near the middle line has worked as a high-probability target. Should price move so rapidly that it penetrates thru the middle line you can expect target #2 to be reached, however it is more common for price to produce several bounces to the upside before heading to the bottom line. Each bounce will be your shorting opportunity. Make sure to hide stops a bit above the latest bounce structure!
评论:
It may be worth trying a short already, either right now at the pitchfork line or a bit higher at the structure.
交易开始:
I ended up shorting @ 2 107 between the first and the second structure with a stop @ 2 115. I hope this is it.
交易手动结束:
I closed the trade with a tiny profit when it became apparent that price is heading higher. Now reverting back to my original plan.
订单已取消:
Idea discarded.