DislikedCould go either way accordin to the triangle on the hr {image}Ignored
not quite the probability to break upside is stronger..as the consolidation is after a bull rally (bull flag)
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DislikedCould go either way accordin to the triangle on the hr {image}Ignored
DislikedIt might go further 1.5570/90... but hoping that will not go there!Ignored
Disliked{quote} we tested the low of yesterday PA rejected the low..we then enter a period of consolidation..breaking out north and now the high of yesterday has gone, after the low yesterday gone!! in effect bullish engulf on yesterday movement what if i may ask is the reason for the conviction??..what are u seeing in yur chartsIgnored
DislikedMost logical short spot is on 5787 61.8Fib on weekly chart. Anything less is riskier to me not worth, happens to touch important 200MA floating S/R This is a classic Gartley pattern forming AB=CD {image}Ignored
Disliked{quote} Agreed. Also coincides nicely with closely testing the ascending 4 year triangle TL it finally broke below. {image}Ignored
DislikedGlad some people can see the road map! I am with you too. Looking to add to my short!{quote}Ignored
Disliked{quote} http://stockcharts.com/school/doku.p...rical_triangle me thinks, this is a triangle..Ignored
DislikedMy demo account has never looked so healthy Anyway, nice spot of divergence on the 4HR chart. {image}Ignored
Disliked{quote} You dount need these indicators to see if parabolic swing is overextended.. What you should concentrate on is where initial pushers are going to take their profits..Ignored
Disliked{quote} lol stock chart traingle and yours are different, yur observations are poor first off..notice how the traingle is defined (think about what it actually is?) hopefully u should have come up with, An area of tight compression which would lead to a breakout of the defined area, what yur posting cannot be used to trade effectively as its not accurate enough, u cannot see the area of compression accurate enough..there was never breakout to the downside, infact the trendline held perfectly and broke to the topside..giving a signal of breakout...Ignored
QuoteDisliked"The pattern is identified by drawing two trendlines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trendlines act as barriers that prevent the price from heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows."
Disliked{quote} You dount need these indicators to see if parabolic swing is overextended.. What you should concentrate on is where initial pushers are going to take their profits..Ignored
Disliked{quote} What is parabolic swing? I have never seen that term mentioned before. All google turned up was some parabolic sar stuff. Anyway, I typically use divergence as confirmation I am going in the right direction. That chart is also part of my mop up strategy, which is indi based but is combined with price zones. I prefer to use candle sticks and patterns such as double tops and bottoms.Ignored
Disliked{quote} Not sure how my triangle is different, it looks the exact same. {quote} - investopedia.com Please post your chart.Ignored
Disliked{quote} You dount know what is parabola? Basic geomtery.. When price progresses exponentially it runs out of liquidity (sooner or later) thats so called overboght/oversold condition, BUT you can't trade solely on these statistical deviations without PA levels. I dropped all divergences and indicators long time ago.. Uselless sh*t for me. Same goes for MA's {image}Ignored