Thanks for redrawing my lines. Question though; what is the curved fit that you mention? secondly, why do you choose to draw the bottom TL from the second candle? shouldn't it be from the lowest?
Thanks,
T
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Disliked{quote} Thanks for redrawing my lines. Question though; what is the curved fit that you mention? secondly, why do you choose to draw the bottom TL from the second candle? shouldn't it be from the lowest? Thanks, TIgnored
Disliked{image} curved fit is making a line fit it price allowing it to pass here and thereIgnored
Disliked{quote} Don't worry about it Bones it takes most people years to learn this stuff even when I teach them live, which I don't do anymore. On the chart below you see the Bears found support (red) on the left... This is where the bulls failed to recross the EMA. On the right you see where the bulls found support (green) It takes a bull support to take out a bear support and vice versa. (On most occasions but not all) Resistance is something else, the top of the EMA on the right becomes the resistance on the left where price touched exactly. It can...Ignored
Disliked{quote} Yeah.... these region are like magnets, 1.3226 H support, 1.3211 PP, 1.3205Ignored
Disliked{quote} Hi Nala, . I would say that your charts show that the price is attempting to rise however, it is struggling to post a new high. Though, I would assume volatility is playing a part in this? or the lack thereof?. Please correct me if I'm wrong, I am happy to learnIgnored
Disliked{quote} Yeah.... these region are like magnets, 1.3226 H support, 1.3211 PP, 1.3205Ignored
Disliked{quote} Actually I have asked the same question a million times and never yet found an adequate answer as to why price makes these levels, who controls it to stop exactly as it does. With millions of traders all over the world I find this rather remarkable. Now if price would have broken that dashed resistance line we would have seen the bulls attempt to make a higher average high, but it didn't. The next logical move then is to come back and test the bull support.Ignored