Learning to read Price Action with P&F Charting

a fracking great week for oil
60 min
see how res kept it in
price got squeezed and out it popped

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update on our gold chart
latest break is shown/dark purple
there is a trend test in 1284 area/green trendline
and 1294 horizontal res
1300 possible and above



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care with eurusd shorts
daily data shows the 2 trends since july 2012
it is in a range...but there is a bull trap/arrow which has confused alot of people that it is a negative chart...not as yet
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STC.This was facebook on friday.we had the run up to the $70 res which was traded
As you can see...the opening hour.the price was really messy.when it gets like that you have to constantly move around box sizes and reversals.once we hit the 68.50 area which we had marked,price action was alot easier to read...in fact ..it was alot easier to read on a bar chart...for the whole day
data is 1 min/close plot 4 cents box size
when it comes down to messy price action the p/f charts get overcrowded

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