It is in the down trend line . But it has been missing w
It is rising trend line . There is support in per 135.88 . If it rebounds 136.58 or 136.95 . The Warere if you sell back in the 135.78 line .
Doji Lines at reversal edges, this time the bias is bullish based on the shape of the last candle
It's a good bullish trade right now as the chart has recently bounced off of support with a double bottom and bullish engulfing candlestick. The Aroon lines are currently bullish with the green line above the red line.
It's hard to tell what's going on right now, but one thing this chart tells me is that we are still in consolidation. One thing that I think might be a good indicator is the triangle we are currently in. As you can see, there is a lot of support below us and the current trend is still apparently bullish, so the market apears to favor a bullish outcome at this...
We can see how prices are not subject to the bandwidth and frequency of the downsloping mini-pitchfork. Take note that the major Pitchfork (upsloping) will still have some price energy frequencies and the associated upsloping parallel lines( warning lines) posed potential resistance.
Annotations on the chart. This is an update of my last chart "Anticipatory layout with important trend lines, levels, time fibs"
I like the idea of plotting the entire quarter around the price action so you can see where the stock is during the beginning and end of a quarter and how the quarters stack up against each other. Then I noticed that a trendline across the top right corner of the quarter gave an interesting price level and then kept drawing them. Notice they are somewhat...
hi guys, what do you think about my line drawing? and what do you think about google next week?
GBP / USD price was rejected by the 1.6877 Level, Resistance Line. GBP / USD price in between, Up Trend Line and Resistance Line Is the GBP / USD going Up or Down? Time will tell, this situation must be resolved. See Link below. EUR / USD correlation, rejected by Resistance Line.
US Dollar Index looks bearish. If US Dollar Index will close the week under the support lines, 38.2% Fibonacci Retracement and Tentative Up Trendline, more downwards movement could be expected.
After doing some research on Fib Fans I found the way the fan tracks this movement to be almost a text book recipe for what will be a bullish head and shoulders reversal. The lowest low is obscured by the volume bars, i apologize… However, I believe this is a fair outlook that supports the theory that we should see this bearish trend die. Ideally for bears we...