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SE ND | A few weeks ago there was a discussion about how that strong bar higher was going to lead to higher prices. I questioned it after seeing how price had passed through the LML of the fork before reaching the ML. The fact that an hagopian was triggered, suggested to me that price was actually weak. So while 906 remains unconfirmed, the larger swing has in-fact confirmed on F. The trend is down with structure above, and price is showing its weakness within the fork. Although, price would be expected to make a pivot above 906, the question that needs to be asked is if price will prove to be weaker than before. Could be wrong, but the weakness of price suggests that we go lower... to new lows.
Edited by NoDakFarmer 11/16/2018 21:59
(pwtb (full).png)
(pwtb2 (full).png)
Attachments ---------------- pwtb (full).png (55KB - 115 downloads) pwtb2 (full).png (54KB - 109 downloads)
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