Learning to read Price Action with P&F Charting

us 30 yield index
daily data
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Justin
great to meet you
Thank you for the beer and wine you bought....


start with isolating the trend
enclosed eurusd 15 min bar chart
dont load too much data.
get the range.ie high to low and when it started


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then we have a first look at p/f set up and try and copy the look of the barchart
see the trend
we have isolated one trend
then we can move around box sizes and reversals to extract information on tha trend

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a nice chart of S&P 500 index
price peaked at 1st december
to most..price looks rangebound
but to p/f chartists..slightly different
we had 4 fake moves/upwards/yellow marks on "X'columns
these were sold off to green supp area
a possibility is that the bulls capitulate and the supp goes....4 fake upmoves would put most people off
need a break of supp and the supp to act as res on the bounce
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