Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
i do have a set of charts showing how i frame pa . its from late last week, there are about 20 or so but they illustrate one aspect of how i am seeing things. Would that be useful?
first i looked at this data and drew the blue top diagonal then i made a channel with it below. to me the way the price interacted with where i put the line was good enough to get a possible view started
the blue dotted and dashed top line is basically an Andrews sliding parallel, angle taken from the solid blue channel, and repeated and extended from the fractal you see as the low on the chart. the blue circle shows a possible target/entry
i also added the yellow line you see under price.
is that all clear?
at this point in time i am short from the bar after the pinbar ,so that would be the third to last shown
i see i have found a sequence from May, not last week!
if you want more after this sequence, i can always post that one. sorry for any confusion caused
In this second shot, i have added a red resistance line. i have also added two green horizontal lines to show recent support.
the green dynamic ( trend-line) line under price I had to think about. I decided this position was a better fit than putting it under the very low point of the large move down.