ZB1! - Bond trend is up, flow is down
The orange stair stepping of the bigger structures (Pivots) on this chart show us, that the trend in this timeframe is up.
But currently there is a opposite flow going on, to the downside. The flow is NOT the trend, but the minor stair stepping down on the level of the market breath.
The white Fork is a "Pullback-Fork", as I call it. It measures the potential pullback (from the upside to the downside in this case), and where price will reach the Centerline (dashed white line) over 80% of time.
The yellow Mini-Fork give us context in the flow of the market. As soon as price is trading above the U-MLH (upper-medianline-parallel), price has a high tendency to swing back to the upside and retrieve it's current direction, the trend (orange stair steps).
Just observe without trading and see how this plays out. You will learn a lot...
P!
If you like to learn more about the Pitchforks and how to find high probability trades, then here's how you can get your free beginners course:
1. Klick the link at the bottom of this post to surf to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course
But currently there is a opposite flow going on, to the downside. The flow is NOT the trend, but the minor stair stepping down on the level of the market breath.
The white Fork is a "Pullback-Fork", as I call it. It measures the potential pullback (from the upside to the downside in this case), and where price will reach the Centerline (dashed white line) over 80% of time.
The yellow Mini-Fork give us context in the flow of the market. As soon as price is trading above the U-MLH (upper-medianline-parallel), price has a high tendency to swing back to the upside and retrieve it's current direction, the trend (orange stair steps).
Just observe without trading and see how this plays out. You will learn a lot...
P!
If you like to learn more about the Pitchforks and how to find high probability trades, then here's how you can get your free beginners course:
1. Klick the link at the bottom of this post to surf to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course
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