Learning to read Price Action with P&F Charting

[dentist007]

if that area breaks then look for potential supp in these areas
imho

 

[dentist007]

eurusd
4 hour data
support for this uptrend seems to be lying in the 1.3216 area and has not been tested as yet
56 pips by 1 reversal

 

[dentist007]

spx
30 min data
if this latest trend starts to fail look for this area as the first test

 

[dentist007]

we gotta a minor fake last week on eurusd
goinm back into the support zone for a rethink
2 hour data
36 pips by 1 close

 

[dentist007]

and we got the possible fake in the s&p500
if 1340 fails then possible 1320

 

[dentist007]

dollar strength....not yet
but a possible breakdown..too early to tell as yet
audusd..one of the commodity currencies
4 hour data
35 pips by 1 reversal

 

[dentist007]

audusd 4 hour updated chart
1.0640 got tested/major supp on wednesday
price is out of the channel in a consolidation.and no signal as yet to go short

 

[dentist007]

s&p 500
2 hourly data
we can see how the market threw out a fake downward signal on 10 feb
most people calling the market overbought and due a correction
no way..price got bullish and we carried on upwards
new supp area has moved up to 1350

 

[krittika]

you`ve drawn the trendlines incorrectly.You shoulda connected 'Oes' with 'Oes' and 'Xes' with 'Xes'.That how it works.

cheers!

 

[dentist007]

one box reversal
subjective trendlines should connect up to the right hand side of semi catapults
according to duplessis