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Cc59resistance

20181210 14:47 EURUSD M15 M-formation expecting 40 pips downwardIn the EURUSD M15 chart, CC59 counting in the Graph Reader Pro 4.0 for TradingView generated an oragne resistance line at 1.14229 and a light blue support line at 1.13868. Since today's open at 20181210 05:00, the price climbed up from the CC59 support to above the CC59 resistance. The price went up further until the RSI > 70% and then made an M-formation around the Day's Open + ADR/2 white line. A bearish target price of at least +40 pips downward is expected.
Short
by nimit.chomnawang
SISB Singapore International School of Bangkok 's first IPO day.The Singapore International School of Bangkok (SISB)'s first trading day in the Stock Exchange of Thailand viewed by Graph Reader Pro 4.0 for TradingView in the 15 minute time frame shows continuous decline from the IPO price of 5.20 THB. The CC59 counting in GRP4 shows a series of -1 to -9 numbers and a resistance line at 5.05 THB. This resistance level can be transferred to be used in higher time frame where no other technical indicators such as those RSI and MACD do not give out their first values yet.
S
by nimit.chomnawang
Investment in TASC01P1903A derivative warrant with SET:TASCO H1.This educational idea studies an hourly graph of SET:TASCO, a big asphalt refining company in Thailand. The aim of this study is to learn spotting a setup for a new downtrend so that a PUT Derivative Warrant referencing this stock could be entered for short-term investments. With Graph Reader Pro 4.0 for TradingView, many tasks for this study are done automatically. From the left of the chart, CC59 resistance (orange line) and CC59 support (light blue line) are generated by completions of -9 and +9 at 15.50 THB and 15.20 THB respectively. The price goes from between these lines down to below the light blue line to set the first "Min" point. Two bars later, the "MACDSig" label is printed to show that the MACD value is now higher than its own SMA9. This confirms a new uptrend. In addition, a series of positive CC59 counting is started. It is completed with the +9 bar. At this point the new CC59 support line is drawn at 14.90 THB. The price is also now crosses above both original light blue and orange lines. After that a tall bullish "Anchor" bar appears to create an "RSI>70" warning. The highest price of 16.10 THB is marked manually to see whether the price movement could go higher from here. Two bars later, the second "Min" point is printed. A dotted yellow demand line linking both "Min" points is then drawn manually to check for the beginning of a new downtrend. Four bars later the SMA3 line changes its color to red showing that the MACD value is now decreasing. The price bar also closes below the dotted yellow demand line. At 20181018 10:00, the label "MACD<Sig" is printed to confirm a new downtrend. This is an opportunity to buy TASC01P1903A PUT derivative warrant referencing SET:TASCO at the price 0.54 THB. At 20181024 09:00 (six days later), the price of SET:TASCO closes below the new CC59 support line (14.90 THB) while the price of TASC01P1903A PUT derivative warrant hits its previous high. This is a good exit point at 0.64 THB since the return of this investment is already +18.5%. To get invited to use the Graph Reader Pro 4.0 for TradingView, please contact me in the chat box.
SET:TASCOEducation
by nimit.chomnawang