I am applying the same technique, with different parameters, to my idea on $BTC that is linked below. Please read it!!! it is explained sufficiently well so you can replicate in your own chart and zoom in.
The red price balloons are the worst i think it could happen in a wick or a prolonged down movement... worst worst scenario that i don't believe will happen, but... hey, market is terrible and the median line of the bearish one should be there to provide Support.
The up targets are just the confluences between the bullish and bearish pitchforks.
The red price balloons are the worst i think it could happen in a wick or a prolonged down movement... worst worst scenario that i don't believe will happen, but... hey, market is terrible and the median line of the bearish one should be there to provide Support.
The up targets are just the confluences between the bullish and bearish pitchforks.
