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TFC Commodity Trading Forum

Re: Weather Updated - Yes *PIC*
In Response To: Re: Weather Updated - Yes ()

Possibly...The rules say when we get a move like this...where it punches through the median line (green fork)...you can expect a test of that line...(testing now) and a continuation of the trend...I would be skeptical taking a short here now...I would have to wait and see if a new fork develops (yellow dotted fork) and gets tested before a downside move...makes it a tad safer that way and gives you someplace to place a protective stop.

Best of good trades, Spike