In the following char we are seeing a combination of support and resistance lines that provides the information as a triangle.
Both lines can be place where it can be touched and for that matter can be a triangle pattern.
When we place our highes high on the price of the index we have to place our second point on the lowest low of the price (which both are...
In the following chart we can observe that the trend still continuous from a really long time giving us a sign of a parallel channel.
Being the trend an upper trend we can place a ascending parallel channel.
Placing the resistance and support lines withing the paralel channel we can expect a long position on this pattern.
In this chart we can be see a pattern forming. Which is a upper trend wedge.
We can see that the either of the resistances nor the support lines are broken. So the patter grows much stronger and each time that the price touch each line it can bee seen so much easier.
This wedge can be either going for a long position or a short position because wedges can be a...
In the Following chart we can see the potential of williams R% and how it works on the market.
Each time the line below on the williams R% reaches the top or bottom (-20 =-80) we can say its the beggingin of a change of the trend because of the overselling or overbuying price of the market.
As you can see every time the price touches the lower band of the...
This following chart we can see the triangle patter forming as we approach to draw the first point at point A. Meaning the point A is our highest and first point in the chart. We proceed to trace our lowest low making it the second point in our pattern, naming it point B.
Then we continue tracing a trend line in the upper trend and the down trend as well to make...
This following chart we can see an upper trend line where we put a support line below just to point out our start of the trend line.
We can see as higher goes the trend, it touches various points in our trend line.
This following chart is to explain the use of the support and resistance lines. Which most of the times gives us enough information to place an order, or just to have even more information to place one.
At this chart we proceed to place the first 2 lines, the highest resistance line, and the lowest support line. Both touches at least 2 o more points in the price....
In this chart we can see a pattern similar to the triangle which can be either a continuous or a reversal trend pattern. We place our resistance and support lines, both touching at least 3 times the price chart. In this case we can appreciate the start point A comes from a upper trend, then goes higher touching our resistance line that we have traced before,...
In this chart we can appreciate the forming of an ascending triangle.
In the point A we place a support line that will guide and start the pattern.
We can follow the trend and see the price almost touch our resistance line wich approves our triangle. Point B is where the maximum high take place. When the price goes down it touches the support line and theres where...
The Williams R% makes the read of the trend line changes easier. This chart for example, demonstrates that each time the indicator goes over the top in whichever direction it follows, a change of the trend line may occur.
Here, in point A goes from a upper trend followed by the indicator to a down trend immediately the R% shows that the trend changes is...
The following chart we can see a double top pattern forming just by seeing the upper trend forming on point A we wait till it reaches the maximum high. Then on point B there is a change on the trend as it follows a down trend. Then it hits the support line we placed before and make the statement that if the line touches again the maximum high it will changer the...
In the next chart we are getting an upper trend which follows to the beginning of the head and shoulders pattern. The second the trend line break at point A and gets an upper trend again, could mean the double top pattern or a head and shoulders pattern. As soon as the trend changes and changes but it doesn't touch the resistance line we can appreciate at point B...
In the following chart we can appreciate a down trend line that goes through 5 different and meaningful points as you can see.
In the last point (E) theres a break of the trend line that marks the signal for a bullish move and take a long position.
