Posted 2/11/2019 13:41 (#7313813 - in reply to #7313707) Subject: RE: Here's a trend line for ya...
Forks are nothing if they don't help you identify a meaningful line of balance. The middle line on a fork is supposed to represent balance.
There are lots of ways to find balance. In my second picture on this thread, my line that is circled in red is what I was implying was long term balance. Whether it is nor not, I don't know. I kinda hope not.
With all due respect, I would disagree. Forks were never designed to find a line of balance. It's not their purpose at all even though sometimes it works out that way. They project the probable path of price and where price should run out of energy with high probability, and as a side benefit, gives us access into the energy levels of price. Unfortunately people are trying to make action reaction lines into forks ....same family but different subset with way very different rules and methodologies. As my billionaire mentor reminds us, no faster way to make a million out of 10 million than action reaction lines. JMHO