"W" pattern and "WM" pattern
- Thread starter Li Ka Shing
- Start date
I see:Quote from Li Ka Shing:
This is the latest update from today's action. The chart becomes like this:
When you see this chart, what comes to your mind?
An Upward Price trend with ascending bottoms
Li Ka Shing what software is that? I'd like to track my stocks in that manner, would you please send me a pm regarding that software and how you made the green trend line. I print my paper and use a ruler lol, I need to get software thats more practical
Hi I just saw your PM and has replied you.
This is not from any software. This chart is taken from a free website Bigcharts.com. The drawing is done by hand from a free software, Microsoft Paint.
There are charting softwares which can auto-draw the linear regression analysis, trend lines, and channel lines for you. They can be free as well, from your broker website.
But I think I still prefer hand-drawn lines, like I did above, because I think there are some observations which need human judgement, and they should not be very rigid.
This is not from any software. This chart is taken from a free website Bigcharts.com. The drawing is done by hand from a free software, Microsoft Paint.
There are charting softwares which can auto-draw the linear regression analysis, trend lines, and channel lines for you. They can be free as well, from your broker website.
But I think I still prefer hand-drawn lines, like I did above, because I think there are some observations which need human judgement, and they should not be very rigid.
I see broke people.