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Backing Trades Thru Charts

  • #441
  • Apr 1, 2010 12:15pm Apr 1, 2010 12:15pm
I see what you did there with the previous S/R's and current Fib retracement (38%) lining up.

Quoting TheLastCoke
This is the way I see it. .3450 is a decent retracement (38.2%) to make a perfect HL + it is also the major support but I don't discard .3379 as the line in the sand.

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  • #442
  • Apr 1, 2010 12:40pm Apr 1, 2010 12:40pm
G/J
shorts have been taken at 143.50 SL=144.50
1TP= 23% fib at 141 2nd 139.50
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  • #443
  • Apr 2, 2010 8:29am Apr 2, 2010 8:29am
This 4 hour chart of the EUR/USD shows that price is getting close to the bottom of this green wedge.
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  • #444
  • Apr 4, 2010 10:16pm Apr 4, 2010 10:16pm
Bullish bias but it seems like a tough battle.

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  • #445
  • Apr 6, 2010 7:38am Apr 6, 2010 7:38am
Quoting Hell7
This 4 hour chart of the EUR/USD shows that price is getting close to the bottom of this green wedge.
And when the wedge breaks ...
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  • #446
  • Apr 6, 2010 8:28am Apr 6, 2010 8:28am
Quoting Hell7
And when the wedge breaks ...
Nice prediction!
  • #447
  • Apr 6, 2010 10:40am Apr 6, 2010 10:40am
Quoting TheLastCoke
Break of 125.20 can take us to upper TL
Testing the Neckline.

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  • #448
  • Apr 6, 2010 10:49am Apr 6, 2010 10:49am
This could be a nice bounce.

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  • #449
  • Apr 7, 2010 3:53pm Apr 7, 2010 3:53pm
The daily chart of the Dow Jones Industrials index shows that the index bounced from the median line o this green channel, and as it broke below a trend line while doing so a retest of the lower line is expected.
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  • #450
  • Apr 7, 2010 3:58pm Apr 7, 2010 3:58pm
The 4 hour chart of the S&P 500 index shows the never ending bull run in a bit more detail, and the run up of the last few weeks sure does suggest that investors are running over each other to buy back the stocks they sold in March '09.

Today price did however break below the lower line of the red channel.

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And this daily chart of the ES S&P 500 future shows that this run is happening on decreasing volume, which is not a sign of a healthy rise.

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  • #451
  • Apr 8, 2010 2:34am Apr 8, 2010 2:34am
Quoting Hell7
The daily chart of the USD/CHF currency pair shows that price is getting close to the median line of the green pitchfork.

Although we will probably see some profit taking there, I expect price to reach the upper band somewhere soon.
I had to move the fork a bit but the target stays the same. Let's see if she can break the yellow trend line.
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  • #452
  • Edited 7:28am Apr 8, 2010 7:18am | Edited 7:28am
Bounced to the pip, let's see how strong it is.

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  • #453
  • Apr 8, 2010 9:31am Apr 8, 2010 9:31am
This could be the bottom, HH made but I would like to see it break .3377 to call a trend change.

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  • #454
  • Apr 8, 2010 10:37am Apr 8, 2010 10:37am
Quoting TheLastCoke
Bounced to the pip, let's see how strong it is.

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What a nice rejection, 85 pips so far but .3377 not taken down yet.

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  • #455
  • Apr 8, 2010 10:53am Apr 8, 2010 10:53am
This could be a perfect diamond bottom pattern made out of parallel channel.

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  • #456
  • Apr 8, 2010 12:12pm Apr 8, 2010 12:12pm
G/U might be getting ready for something big. #235

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  • #457
  • Apr 8, 2010 12:24pm Apr 8, 2010 12:24pm
This flag is looking good, i'll buy at the re-test.

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  • #458
  • Apr 8, 2010 1:39pm Apr 8, 2010 1:39pm
Quoting TheLastCoke
G/U might be getting ready for something big. #235

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It will be a bull territory if we break the Neck line.

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  • #459
  • Apr 8, 2010 3:00pm Apr 8, 2010 3:00pm
what pricelevel would be considered a trendreversal?
  • #460
  • Edited 3:38pm Apr 8, 2010 3:03pm | Edited 3:38pm
Quoting Matt99
what pricelevel would be considered a trendreversal?
If you mean the neck line, it is around .5290-.5300, depends on PA
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