Learning to read Price Action with P&F Charting

[dentist007]

spot gold 5 min since fomc
at a previous breakout point
trend test at 1338 area

 

[dentist007]

4 hour
we have hit a previous breakout point
possibly in a big support area now...lets see if it holds

 

[dentist007]

eurusd daily
shows the trends since 5th may
new leader
goin to the moon ??

 

[dentist007]

cable
daily
freakin out

 

[dentist007]

facebook
4 hour data
some trends
prev breakout point marked
70 cents by 1 reversal
hilo

 

[dentist007]

fb 60 min
we can see supp and res to that main trend
27 cents by 3 reversal
hilo plot
49.20 res area
47..00 trend supp
47.50 area ..prev breakout point
some people are calling a top...lets see what happens

 

[dentist007]

 

[dentist007]

let that be a lesson to all
never ...call the market
the chart is 4 hour facebook
25 cents by 1 reversal.hilo plot
we can see that price hit the 49.50 res area..then went into a sideways move..but never broke the trendline...then broke higher on friday
the short sellers will have to look harder next time

 

[dentist007]

dax hourly
bullish with horizontal res looming
can it take it out ??

 

[dentist007]

eurusd 30 min
chart shows the latest breakouts
some areas to watch
trends...main is green ..internal is aqua
dollar getting pounded..but eurozone periphery is possibly the ugliest
lets see what happens