Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
I was looking and saw some additional weakness in CPB. It looks like if it continues to do go down past 30 it would be a good short, double bottom sell signal.
But what I would like to know is, the risk profile for this trade. I feel that if it would break this level it would head further down, but not sure if the risk/reward ratio is appropriate.
I feel the market had an early break down today but not anything major, so we could get a rally putting this stock at a loss if shorted now. Looking to try to learn more about favorable/unfavorable trades.
Time frame 1 box. 3 box reversal.
But what I would like to know is, the risk profile for this trade. I feel that if it would break this level it would head further down, but not sure if the risk/reward ratio is appropriate.
I feel the market had an early break down today but not anything major, so we could get a rally putting this stock at a loss if shorted now. Looking to try to learn more about favorable/unfavorable trades.
Time frame 1 box. 3 box reversal.
happy thanks giving to all.we dont celebrate it here in the u.k.
an update for the s&p 500.the chart is 20 points box size.3 box reversal.daily data.hilo data input
i have included some vertical counts.all the downside counts have been achieved except the last one.the last column is moving upwards and i have put on a vertical count.this has not been fixed as yet.ie there has not been a retracement column.it will not get activated until there is a break above 920.you can see the target so far only takes us to the top of this range at 1060.so we watch this last column to find out where it retarces so we can get an idea of how far this rally will go.once we get an activated upward count then the 520 count gets taken out
an update for the s&p 500.the chart is 20 points box size.3 box reversal.daily data.hilo data input
i have included some vertical counts.all the downside counts have been achieved except the last one.the last column is moving upwards and i have put on a vertical count.this has not been fixed as yet.ie there has not been a retracement column.it will not get activated until there is a break above 920.you can see the target so far only takes us to the top of this range at 1060.so we watch this last column to find out where it retarces so we can get an idea of how far this rally will go.once we get an activated upward count then the 520 count gets taken out
dow.
the upide vertical count put in as a guide.no activation as yet
downside counts clustering in the 6750-6900 region
if it breaks above 9000 and retraces this count will be active
the upide vertical count put in as a guide.no activation as yet
downside counts clustering in the 6750-6900 region
if it breaks above 9000 and retraces this count will be active
codetroll
some vertical counts on campbell/cpb
the last signal was a double-bottom.the main uptrend line has not been broken.no real breakout pattern as yet
does this help.?
some vertical counts on campbell/cpb
the last signal was a double-bottom.the main uptrend line has not been broken.no real breakout pattern as yet
does this help.?
yayt
you are right.here is the updated chart with vertical counts.i dont trade us stocks.
you are right.here is the updated chart with vertical counts.i dont trade us stocks.
dow.intraday data
hourly data.50 points/box size.3 box reversal.the vertical count from the latest low is giving a target of 9400.it has just broken out of its latest consolidation
hourly data.50 points/box size.3 box reversal.the vertical count from the latest low is giving a target of 9400.it has just broken out of its latest consolidation
Thanks Dentist for the CPB chart, I didn't get into the move because I felt there was upside in the indexe(s).
I agree with you on your 9400 call, a lot of people are expecting a rally, I was just curious what vertical count are you using to make the projection? (50 * X? * 3) + 8600(?)
If 9,400 is our "target" wouldn't it be a good time to start looking at creating short positions with the assumption that the index is still range bound?