Learning to read Price Action with P&F Charting

[dentist007]

eurusd 10 min data.just got bearish
12 pip box size by 3 reversal/close data

not good for stocks...dollar short term strength

 

[dentist007]

s500
10 min data input
same characteristics as the nas 100

 

[dentist007]

ammo...support at the trendline.the vertical count downwards is active.bulls nor bears are winning
imho

 

[dentist007]

cable...gbpusd
10 min data
possible upside failure.the dollar seems to be strengthening

 

[ammo]

Quote from dentist007:

ammo...support at the trendline.the vertical count downwards is active.bulls nor bears are winning
imho

thanks

 

[dentist007]

nas daily
pole reversed
some strength coming in

 

[dentist007]

update on the eurousd chart i posted on tues .that chart was really bearish then.watch the retrace of the low pole to see if the eur has strength

if not,then more down moves in commodity stocks and also index
looking at the chart.there are long down thrust columns and short recoil columns.need to see the recoil columns get longer.if it bounces.then watch 3350 area for strength.

 

[dentist007]

nas 100
10 min data.coiling up.looks like its goin to pop

 

[dentist007]

eurusd 10 min data.some recovery and is getting bullish.no upside vertical count established as yet.needs 1.3360 area.market undecided until a count is established,if not the shorts will see the weakness and take it back down

 

[dentist007]

eurusd 10 min data plot
9 pips by 2 reversal.to show the trend.price in a newly established uptrend/greek bailout.res area at 1.3400 ish

if any weakness seen.shorts will move in.there are plenty of hedge funds shorting the euro