Price is currently encountering triple intersection of following lines and creating strong bearish candle.
1. Standard Pitchfork
2. Modified Schiff Pitchfork
3. Slope Frequency line
However, the minor price flow approaching the tri-junction is displaying an organized flow and has broken the previous minor high, which means there are some market manipulators driving them.
So, if someone wants to short market here should be very careful. Not a good idea to short now, rather Wait and Watch.
1. Standard Pitchfork
2. Modified Schiff Pitchfork
3. Slope Frequency line
However, the minor price flow approaching the tri-junction is displaying an organized flow and has broken the previous minor high, which means there are some market manipulators driving them.
So, if someone wants to short market here should be very careful. Not a good idea to short now, rather Wait and Watch.
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