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- #22
- Jun 16, 2012 3:36pm Jun 16, 2012 3:36pm
Short term channel analysis
The pair felt very sharply from the 34.1187 high, making an intra-day low at 32.0263 level, from where it was rejected to the intra-day high of 33.0078. The price was susceptible to new future drops, then it confirmed by breaking the inferior line of the short term channel and now its safe to enter short, targeting 32.2 level and possible 31.95 like in the image bellow
The pair felt very sharply from the 34.1187 high, making an intra-day low at 32.0263 level, from where it was rejected to the intra-day high of 33.0078. The price was susceptible to new future drops, then it confirmed by breaking the inferior line of the short term channel and now its safe to enter short, targeting 32.2 level and possible 31.95 like in the image bellow
- #23
- Edited 3:08am Jun 17, 2012 2:30am | Edited 3:08am
Short term analysis
Channel analysis
The index rose rapidly from the 11995 low, in a structure which seems to be impulsive in nature, to 12757 and then fell as fast as it rose to 12367 level. Not only that the price continued its ascent, but the 12757 level was exceeded, reaching as much as 12777. At this moment, the pair is situated under the median line of the ascending channel, so it is susceptible to at least some corrective movements. A break of the inferior line of the channel will trigger a short targeting the initial 12470 and possible 12380, as I have shown in the image below.
Channel analysis
The index rose rapidly from the 11995 low, in a structure which seems to be impulsive in nature, to 12757 and then fell as fast as it rose to 12367 level. Not only that the price continued its ascent, but the 12757 level was exceeded, reaching as much as 12777. At this moment, the pair is situated under the median line of the ascending channel, so it is susceptible to at least some corrective movements. A break of the inferior line of the channel will trigger a short targeting the initial 12470 and possible 12380, as I have shown in the image below.
- #24
- Jun 18, 2012 11:18pm Jun 18, 2012 11:18pm
Short term analysis
Channel analysis
The market gaped up, making a new fresh high at 12869 level (the last week high was 127777), although the dynamic of the price has modified a little, the price is still staying further in the inferior zone of the ascending channel - being vulnerable to future down movements, as long as it doesn't go over the median channel line.
From the high, the price felt under the high of last week (12777) and we'll wait for channel inferior line to be broken, with different targets this time, different ones than last week targets, because of the little change in dynamic of the index: first target being at 12490 level and, the second, at 12389, as I have shown in the image below:
Channel analysis
The market gaped up, making a new fresh high at 12869 level (the last week high was 127777), although the dynamic of the price has modified a little, the price is still staying further in the inferior zone of the ascending channel - being vulnerable to future down movements, as long as it doesn't go over the median channel line.
From the high, the price felt under the high of last week (12777) and we'll wait for channel inferior line to be broken, with different targets this time, different ones than last week targets, because of the little change in dynamic of the index: first target being at 12490 level and, the second, at 12389, as I have shown in the image below:
- #25
- Jun 20, 2012 2:25pm Jun 20, 2012 2:25pm
Short term channel analysis
The pair felt very sharply from the 34.1187 high, making an intra-day low at 32.0263 level, from where it was rejected to the intra-day high of 33.0078. The price was susceptible to new future drops, then it confirmed by breaking the inferior line of the short term channel and now its safe to enter short, targeting 32.2 level and possible 31.95 like in the image bellow
Attachment
- #26
- Jun 21, 2012 11:12am Jun 21, 2012 11:12am
Short term analysis
Channel analysis
Dow Jones has risen further from the last high, to 12899 fresh high but still stayed under the median channel line and wright now is about to close below the inferior channel line. This will trigger further downside reaction to 12680 level and maybe even deeper to 12539 level (we changed the targets because of the dynamic of the price, which has been modified significantly) as you can see in the image below.
If you want to know how to plot money management rules on this trade or other things related to trading, don't hesitate and contact me on: [email protected].
Channel analysis
Dow Jones has risen further from the last high, to 12899 fresh high but still stayed under the median channel line and wright now is about to close below the inferior channel line. This will trigger further downside reaction to 12680 level and maybe even deeper to 12539 level (we changed the targets because of the dynamic of the price, which has been modified significantly) as you can see in the image below.
If you want to know how to plot money management rules on this trade or other things related to trading, don't hesitate and contact me on: [email protected].
- #27
- Last Post: Edited 1:22pm Jun 25, 2012 11:46am | Edited 1:22pm
Short term analysis
Channel analysis
As we expected, from the previous days, the price drop after the break of the inferior line of the ascending channel. Because the close of the the break-out candlestick was lower than our first target zone, we had to focus only on the target no.2, as you can see in the image below. The target no.2 was reached!
Have a nice day!
Channel analysis
As we expected, from the previous days, the price drop after the break of the inferior line of the ascending channel. Because the close of the the break-out candlestick was lower than our first target zone, we had to focus only on the target no.2, as you can see in the image below. The target no.2 was reached!
Have a nice day!