60 min
back in the poop zone
first bull test...testing prev res at 99.40 area
lets see
back in the poop zone
first bull test...testing prev res at 99.40 area
lets see
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
a higher box s
15 min datai just to show where we are
alot of price action is compacted
10 december high to 20 dec supp
we are now at trend supp with horizontal supp below
note the move upwards just to test prev supp..that became res/light purple horizontal in 1216 /1218 area
so..next moves
a test of supp or break to test prev horizontal res..then above trend res at 1232 area
there will be other moves that test prev horizontal s/r
15 min datai just to show where we are
alot of price action is compacted
10 december high to 20 dec supp
we are now at trend supp with horizontal supp below
note the move upwards just to test prev supp..that became res/light purple horizontal in 1216 /1218 area
so..next moves
a test of supp or break to test prev horizontal res..then above trend res at 1232 area
there will be other moves that test prev horizontal s/r
spot oil 60 min
triangle ready to pop
triangle ready to pop
eurusd daily
40 pips by 3 reversal hilo plot
shows horizontal res
trend res at 3760/red
trend supp at 3560 area/green
things start to get nasty at break of 3520 area..a double bottom in orange horizontal area
now if we go to same box size but 1 reversal and close plot
we can see the horizontal supp at 1.3600
trend and prev breakout point at 1.3520 area
also 1.3560 is beginning of trend supp
1.3800 horizontal res shows nicely
40 pips by 3 reversal hilo plot
shows horizontal res
trend res at 3760/red
trend supp at 3560 area/green
things start to get nasty at break of 3520 area..a double bottom in orange horizontal area
now if we go to same box size but 1 reversal and close plot
we can see the horizontal supp at 1.3600
trend and prev breakout point at 1.3520 area
also 1.3560 is beginning of trend supp
1.3800 horizontal res shows nicely
cable/gbpusd just before retail sales news
price had been pushed down to horizontal and trend supp
1.6458 res/red
price shot up to this level when news announced
there is na possible vertical count that might get activated at a test of 1.6300 area
price had been pushed down to horizontal and trend supp
1.6458 res/red
price shot up to this level when news announced
there is na possible vertical count that might get activated at a test of 1.6300 area
aussie dollar gettin hammered
well....more hammering or a test of res
so..first port of call... TEST OF PREV SUPPin 8850 area/purple horizontal line/a prev breakout point
audusd 60 min shows the downtrend since october 2013
35 pips by 2 reversal..close plot
lets see what happens
well....more hammering or a test of res
so..first port of call... TEST OF PREV SUPPin 8850 area/purple horizontal line/a prev breakout point
audusd 60 min shows the downtrend since october 2013
35 pips by 2 reversal..close plot
lets see what happens
outlook for next week
5 min data$2.5 box size by 3 reversal
close plot
trend cluster/green in 1235 area..trend supp
underneath there is horizontal supp going down to 1220
there is horizontal res/red at 1265 area and 1295 AREAS
there ia a double-top at 1255 area
lets see what happens...lots of horizontal supp areas down to 1180
5 min data$2.5 box size by 3 reversal
close plot
trend cluster/green in 1235 area..trend supp
underneath there is horizontal supp going down to 1220
there is horizontal res/red at 1265 area and 1295 AREAS
there ia a double-top at 1255 area
lets see what happens...lots of horizontal supp areas down to 1180
gbpjpy 60 min data showing the latest uptrend
testing trend res now
lots of horizontal supp and res on lower box sizes
we are looking at the bigger picture to see if there is weakness in gbp
we dont make forecasts ..just track the price
testing trend res now
lots of horizontal supp and res on lower box sizes
we are looking at the bigger picture to see if there is weakness in gbp
we dont make forecasts ..just track the price
spx futures 60 min
either ..we break higher..or there is a real sweet spot underneath/prev breakout point 1813 area
trend supp and horizontal aswell
either ..we break higher..or there is a real sweet spot underneath/prev breakout point 1813 area
trend supp and horizontal aswell
spx futures
same box size...but changed the reversal to 2 from 1
hourly close
we mentioned the sweet spot..we are now in that area.need to below
trend supp at 1799 area if 1813 area fails
same box size...but changed the reversal to 2 from 1
hourly close
we mentioned the sweet spot..we are now in that area.need to below
trend supp at 1799 area if 1813 area fails