Loading ...$USD Weekly and Monthly Log Scale Fork
Fully, the following are a weekly and a monthly Log Scale $USD fork charts. These are among my first attempts in using a fork. Dont laugh. Please let me know your thoughts on the line placement and what appears to be a downward BO. StockCharts will NOT allow me to move the bottom corner of the fork on the monthly away from where it sits. It always snaps back to where it currently sits if I try to move it. Maybe thats where its supposed to be, I really dont know. Thanks
LOL…you are Optionally Obsessed
1…the month ends after 3 more trading days
2…the week ends after 2 more sleeps
3…we usually draw the bottom of a fork at a point where there is a bounce….so these forks you and I are drawing are still speculative as there has been no bounce. BUT we are relying on that handle which looks well placed …as it has a lot of touches.
Here is another Fork I have in the kitchen
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=17&mn=0&dy=0&id=p08737076327&a=532873761
This is less subjective as the outside tines are turn points.
What we are trying to do here is predict where the dollar will turn back up
If it just blows thru then there is NO fork here . I just figured with the perfect handle and the perfect place to bounce
( strong horizontal support…this fork would develop…and I still think it will
Must see at least a bounce first
Im well known to be extremely obsessed especially with learning. Problem is, its always revolved around the painful process of trial with embarrassing error. Im over the embarrassing part though. Thanks for taking the time to explain, it means a lot!