Still not out of the Woods!
Both the longer term (gold P1-P3) and shorter term (violet P1-P3) Schiff Pitchfork have defined the vector of the 240-Min price/time price grid with the shorter term Schiff Pitchfork Upper Parallel and the upper flat of...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Both the longer term (gold P1-P3) and shorter term (violet P1-P3) Schiff Pitchfork have defined the vector of the 240-Min price/time price grid with the shorter term Schiff Pitchfork Upper Parallel and the upper flat of the Cloud capping the advance this AM (yellow circle) marking a slowing of upside price momentum reflected in both oscillators. Although the Kijun Span (green line) is holding as support and is keeping it from developing into a full blown short term reversal. Still a watch and wait scenario.
A complete multi time frame analysis will be available to paid subscribers tomorrow.
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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