hey dentist, thanks for all your posts,i read em all,just dont have much knowledge in this area,can you take a look at this and tell me iff those o's are res.....http://stockcharts.com/def/servlet/SC.pnf?chart=$BPSPX,PLUADANRBO[PA][D][F1!3!2.0!!2!20]
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
hey ammo
thanks for the chart..dow overshot the reson mine and i think ur chart..
it was a false break again and made some sweet trades on the way down
thanks for the chart..dow overshot the reson mine and i think ur chart..
it was a false break again and made some sweet trades on the way down
dow
update on the price action
50 points by 3 reversal
CLOSE price
the latest column of X"s broke out
..horizontal red line,that is the breakout point.if you see the column of "O"s/downward movement did not appear till friday 2nd september.so nearly all week the breakout was unsupported.now we can see it hit resistance which coincided with a previous support in march/japan tsunami.horizontal blue line
index was vulnerable.these unsupported breaks can tank/big time.the market has no anchor point
price is back into support zone while the market rethinks
update on the price action
50 points by 3 reversal
CLOSE price
the latest column of X"s broke out
..horizontal red line,that is the breakout point.if you see the column of "O"s/downward movement did not appear till friday 2nd september.so nearly all week the breakout was unsupported.now we can see it hit resistance which coincided with a previous support in march/japan tsunami.horizontal blue line
index was vulnerable.these unsupported breaks can tank/big time.the market has no anchor point
price is back into support zone while the market rethinks
dow..another unsupported breakout last monday onwards.soon got taken out thursday and friday.no anchor point for the market to hold on to.so hence back in the main support area
dow .hourly 67 by 3 reversal.friday.a new downside vertical count got activated/staggered vertical lines.look at the latest one.uneless support comes in ,this is looking like a bear market rally
dow .hourly 67 by 3 reversal.friday.a new downside vertical count got activated/staggered vertical lines.look at the latest one.uneless support comes in ,this is looking like a bear market rally
dow;;hourly
on a higher box size
we can see why the market closed at 11020 area.this is neutral territory
last signal was bullish on 30 aug.we can see that there is plenty of resistance in 11300 area/cluster of trendlines for any upmove.so in theory,market closed still bullish from this chart.just happens to be back in the main support area
on a higher box size
we can see why the market closed at 11020 area.this is neutral territory
last signal was bullish on 30 aug.we can see that there is plenty of resistance in 11300 area/cluster of trendlines for any upmove.so in theory,market closed still bullish from this chart.just happens to be back in the main support area
spot gold
hourly data
coiled up and ready to pop
hourly data
coiled up and ready to pop
eurusd.hourly
40 pips box size by 3 reversal
an unsupported break
the breakdown point was 1.4350 are on 1st august ish
this chart will retest the bears at some point
40 pips box size by 3 reversal
an unsupported break
the breakdown point was 1.4350 are on 1st august ish
this chart will retest the bears at some point
dollar index/daily data
this chart showing a fake/an unsupported break
is this a new trend ? or a rally in a downtrend ??
meaty resistance at 80.00 area
this chart showing a fake/an unsupported break
is this a new trend ? or a rally in a downtrend ??
meaty resistance at 80.00 area
fed meeting/wednesday
spy/15 min data
supports shown if fed dont give qe3..although it could go much lower
res is shown.this will pop if we do get qe3
some talk saying that fed holding back in case of a major crisis in europe
spy/15 min data
supports shown if fed dont give qe3..although it could go much lower
res is shown.this will pop if we do get qe3
some talk saying that fed holding back in case of a major crisis in europe
apple..the first u.s. stock i have traded.was short all the bounces last week
aapl/4 hourly data
note the false breakout/unsupported break on 15 sept/a pole and also above prev res at $400
$4 box size by 1 reversal
price has retraced now.this is now not an easy one to short
the breakout point wa $388.so 50% is $404 on this chart.
need to see where support comes in now.between 388-400 area
from my own observations,it seemed to me that as soon as apple started to move downwards,the whole market followed.does that happen often ??
aapl/4 hourly data
note the false breakout/unsupported break on 15 sept/a pole and also above prev res at $400
$4 box size by 1 reversal
price has retraced now.this is now not an easy one to short
the breakout point wa $388.so 50% is $404 on this chart.
need to see where support comes in now.between 388-400 area
from my own observations,it seemed to me that as soon as apple started to move downwards,the whole market followed.does that happen often ??