Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
long term or short term.give me an idea of youre time horizon and i will post a chart
ok ammo
s&p 500.this is a 1 box chart.ie 1 box of 15 points causes the columns to reverse.ie change direction.the red x are down moves of 15 points in this index.you can see res at 1320 and then just next to it 3 columns that could not go above the 1305 area.so yes 1300 area is major.there is also a shallow uptrend.so investors not being too bullish just yet.
this is probably equivalent to a weekly chart
there are horizontal counts of 1230 /down and 1365 upwards
hoolee...can u paste this chart into the thread so it is not an attachment.i still have not got the way to do this.i have tried a few thttp://www.elitetrader.com/vb/attachment.php?s
s&p 500.this is a 1 box chart.ie 1 box of 15 points causes the columns to reverse.ie change direction.the red x are down moves of 15 points in this index.you can see res at 1320 and then just next to it 3 columns that could not go above the 1305 area.so yes 1300 area is major.there is also a shallow uptrend.so investors not being too bullish just yet.
this is probably equivalent to a weekly chart
there are horizontal counts of 1230 /down and 1365 upwards
hoolee...can u paste this chart into the thread so it is not an attachment.i still have not got the way to do this.i have tried a few thttp://www.elitetrader.com/vb/attachment.php?s
chart here
short term/daily equivalent
thanks hoolee