Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
dxy/dollar index
daily data..about to break.a print of 7640 makes this chart bullish with an upside price target
daily data..about to break.a print of 7640 makes this chart bullish with an upside price target
eurusd daily data55pips by 3 reversal
about to hit a very important supp zone 3970-4080
about to hit a very important supp zone 3970-4080
Newbie trying to pick up on this stuff. I've really enjoyed reviewing this thread over the last week. Please bear in mind I'm trying to get the basics down at this point.
I'd also like to thank Dentist for all his help so far.
Am I correct in seeing a triple bottom sell on GOOG? If so, how would I go about drawing my trend lines to figure out target?
Thx
I'd also like to thank Dentist for all his help so far.
Am I correct in seeing a triple bottom sell on GOOG? If so, how would I go about drawing my trend lines to figure out target?
Thx
Thanks EmotionBigEvel & Ammo. You both are correct.
risk is still on.s&p 500 bounced off the trendline support.the new support to maintain this uptrend is about 1320 level
5.50 points by 1 close.daily data
5.50 points by 1 close.daily data
a small error in the last chart.the data input was 4 hour and not daily.the daily showed congestion mainly,the hourly was a bit noisy and did not show clear direction.freestockcharts.com have 4 hourly data,which for this market,to me gives a clearer picture
here is the chart which has been magnified
now we have some clear support area and a new uptrend just started
here is the chart which has been magnified
now we have some clear support area and a new uptrend just started
so.looking for rfesistance to this minor uptrend.as the previous downtrend has only been short lived,i have gone to the hourly data input to see what is happening.
as you can see,the index closed at a resistance area.if this breaks,then we look to that area for possible support if it is retested
as you can see,the index closed at a resistance area.if this breaks,then we look to that area for possible support if it is retested
from this chart we can see the next res area at 1340 ish.still on the hourly data input.this looks quite a strong area of res
nfp on friday
look for youre favourite signals in those areas
nfp on friday
look for youre favourite signals in those areas
well folks...the dollar has got bullish
last signal was bullish.just retracing back into the support zone now..74.00 area.end of qe2 is in sight
the chart does not get bearish until we hit 72.85 area
daily data
0.370 by 2 reversal..close data
last signal was bullish.just retracing back into the support zone now..74.00 area.end of qe2 is in sight
the chart does not get bearish until we hit 72.85 area
daily data
0.370 by 2 reversal..close data