PCDR - FiftyFifty. How to deal with this,As we see, price is sitting right at the CL.
But what does this even mean, if price is at the Center line?
It is, that price has found it's balance.
Anything can happen from here.
Chances for Long or Short are 50% in general.
Any other hints from the Chart?
Yes!
Price jumped above the CL.
Then it bounced back two times.
In between jump 1 and 2, price got hit on the head at the 1/4 line of the white Fork and fell out of the most probable path of price - it's what Pitchforks project (not predict).
But wait, there's more!
We have a Hagopian. Price was not able to reach the U-MLH. And our rules dictate that price will move in the opposite direction more than from where it came...from the Center line.
Ahaaaa...
...so could it be that price will, at least, pierce the CL?
Absolutely!
So no hurries to jump in too early.
Stay tuned and observe this stock!
Thanks for any support guys & gals.
§8-)
