Let's observe together what happens at the lines.
Just knocked at it 3 times now. Does this mean: Resistance - Short it! ...?
It says, that there are potentially sellers, or the buyers are not willing anymore to bid it up. But that is just for now. Shorting this line would be just a 50/50 bet.
...we can do better....observe...
Glad we did not short it ;-)
And here's another information we now have.
The market paused, what created a kind of a center.
If we think, this could be a center, then how about a mesured move:
OK - With momentum to the upside, I would be a buyer at the new identified potential center, with a stop a couple ticks below the center and the target up at the centerline. Lets see if the trading gods will give us a entry...
News Blog: http://www.forktrading.com/forktrading-blog
a) it has the same slope like the U-MLH of the Fork
b) to me, this is "pressing"...get the crowd short and bag'em = break the pressing with momentum and kill shorts, to go even more long, but only after they come back again to completely make the crowd nuts.
...observe, let the order (plan) play out.