As mention before, the price has reached the most immediate Support area, and here is where the things are interesting ... why? ... Because at the extremes one is able to find opportunities for entry with a small risk relative to its potential profit, moreover if you are wrong in the initial hypothesis is easy to scratch the trade and be ready for re enter the...
Triangular geometry was designed to take on Keynesian markets.
The price has made a false break out, because there were no follow through to the downside (No followers) in this order of ideas, the price has returned to the Trend Channel, notwithstanding is important to keep an eye around the 1280-1284 (Resistance) becuse if this area is able to hold is most likely that we are facing a trading range but in the other hand, if...
Market Condition: Uptrend FBO to the Downside Possible Scenario: Trend Continuation Long entry at 1218
New with more colored- lines, I'm pretty sure next week got his "special moments" =) have a good one-
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...