In 2017's sideways market we've seen multiple rejections off the 18800 area. The last three days were no exception (3/31-4/5). Furthering the long thesis any move through the red median line of 2017's sideways to down pitchfork has been met with an equal rejection.
Commentaire:
Welp, I'm not sure if I was wrong. Perhaps early?...I've added a new pitchfork and taken out the median lines of the earlier, Schiff one to help clean it up. Interesting that price stopped right at the new median line and is headed up towards the other end of the fork at 18840. Would look to get short there with a lot of confluence.