Learning to read Price Action with P&F Charting

thanks ammo
keep nipping and tucking

spot oil
4 hour
shows the downtrend that started in September
70 cents box size by 2 reversal
there is trend res and horizontal res in 95 area
it needs to test and break this area to start getting bullish
further res/purple at 96.50 area

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some trends in cable over November
4 hour data
2 trends ..the latest gets tested at 1.6300 area
we either break higher or test the trend or possibly horizontal support
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eurusd has been a bit wild over the last few months
very short lived trends
so we have gone down to the latest trend on 30 min
started on 21st november
12 pips by 2 reversal
hilo plot
the trend gets tested at 1.3570 area
plenty of dollar news this week including nfp
2mn2828.gif
 
then...
we can narrow the plot area by going to close plot
we can then expose the underneath supports
trend supp at 1.3560 area
there are horizontal supports aswell which are easily seen
so..we break higher or test s
horizontal and trend supports
same box size and reversal

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Hi Ammo
60 min spx index shows the uptrend that started on 7th october
5 points box size by 1 reversal
hilo shows the trend more clearly
main trend is thick/green
internal is thinner greenend that
so the uptrend has trend supports at 1780 and 1790 areas
1800 round number
res is the horizontal/prev res at 1815
either we break higher...possibly good nfp or test supports
imho
started
2nbx6va.gif
on beginning of october
 
a slightly different veiw
same data
4point by 1 reversal
close plot
that uptrend is pretty intense
trend test in the 1792 area
prev breakmy take...great nfp numbers then taper on the cards
spx down
poor nfp..then no taper talk...spx up
how does that sound ??
33nji1y.gif
out point/purple is 1796 area
 
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