Igniting hammer with void zone for profitsDISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
SXT trade ideas
Dow drops once again # 52 (STX)The more higher the time frame, more relevance will have.
I always publish from weekly charts because Intra-day charts are very noisy for this kind of analysis,
but I do multiple time frame analysis.
I watch a weekly chart first for pick stocks then a daily and finally a 4-Hrs chart , this take time and need patience.
Now some technical aspects
1) The major trend line was broke between march and July; is a fact.
2) The Horizontal support line around 68.00 was broken too, is a fact
What more evidence you need?
And now 12/05/2018 at 22:15 ET the major indexes around the world are dropping, is a fact
i don't do predictions I only find stocks where the price action is evident.
I did not try to convince anyone with sophisticated jargon
just point out what is happening now, without making price predictions.
and use a very simple approach:
Support becomes Resistance (Resistance=Red Arrows) (Support=Blue Arrows)
