1. Simple judgment of support and resistance:
Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward...
Today is the last day of September so it seems that the inside bar on the monthly time frame will close as such unless there is a massive move today:
The head and shoulder pattern is only to be traded at the end of a trend (its a reversal pattern so do not use mid trend!)
I'll be waiting for the neck line to break before considering to take an entry. A price...
