I have followed this modified schiff fork for a while now but havent published until now. So far support and resistance seems to be obeying lines on this fork remarkably well. There has been one touch of the mid line of the fork so far.
It looks possible there may be a price decline which paints a pattern looking like a dead cat bounce from the $500 spike . I think this will be a bear trap if it happens.
Alternatively price can rally with some breathtaking leaps up taking us into the top of the fork.
Either way, in longer timescale the trend now looks clearly up.
It looks possible there may be a price decline which paints a pattern looking like a dead cat bounce from the $500 spike . I think this will be a bear trap if it happens.
Alternatively price can rally with some breathtaking leaps up taking us into the top of the fork.
Either way, in longer timescale the trend now looks clearly up.