Here's a chart of the SPX with my speculations:...
I just read this post.
Ty. I will review it.
I guess I was trying to see what will come next after price created what looks like a point 3 for the thick green channel.
Here is the wider view of the 5 minute chart:
Based on this definition of a channel, here is my annotation of the 5 minute chart of UYG:
I see a blue uptrending channel within a green...
Just noticed that the 50 sma crossed above the 200sma ( a golden cross) on UYG's hourly chart and added it to the annotation.
After seeing what romanus just posted, I moved the rtl of the descending channel (counter trend) higher and added more notes.
Here's the new annotation of UYG's hourly chart.
Not sure if I did it right.
It would be nice to see the correct annotation.
Thank you for the respose.
Here is the hourly chart (mid term that I look at).
I'm looking at a possible head and shoulder...
I haven't posted here at Elite Trader for a while but want some clarification on my charting.
Since I'm not sure - I thought...
Here's my annotation on a 20 day/ hourly chart of UYG.
You may have a different perspective.
Comments are appreciated.
Ty Ivo for the reminder.
I'm still continuing to learn more in my "journey"....
I still have way to learn.
Ty Ivo for pointing out that a point 3 always has to have increasing volume with it.
This was my most recent...
Thanks to all who have given their input to me and have been "teaching" through their posts.
I've learnt a lot from everyone...
I've been reading this thread every now and then.
I believe that your willingness to mentor is sincere.
I can't remember where I...
I have been having fun with SKF and UYG lately.
So far, not using stops but hedging instead.
So far so good.
I recently downloaded the TOS...
I'm so gald to be a member of Elite Trader.
There is so much info in here (even some needs to be filtered). :)
I recently downloaded TOS' demo...
I'm following a stock from the financial sector (that is below $5 now) and using SKF to hedge it.
I'll be following both and see how the "lot...
How steep is the angle of attack of the descending trendline before the SPX gets a nice bounce?
Will the weekly 200 moving averages hold?
Just giving a compliment.
Price action yesterday was pretty close to it.
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