candlesticks

Discussion in 'Technical Analysis' started by notafool, Jun 7, 2020.

  1. easymon1

    easymon1

    is this how you might use price action? do you use targets measured by PA? nosy bastard aint i? any ed materials that you suggest?
    don't suppose that you'd post an image of a price action chart that you'd endorse?

    thanks, that old dell just keeps on crankin, by the way...
    pa tb.png
     
    Last edited: Jun 24, 2020
    #31     Jun 24, 2020
  2. View attachment 231433
    Yes, that's a sort of triple bottom.... sort of a sloppy or complex one... was still indicative of "bottoming action" and of course turned out to be exactly that.

    Don't know of any specific ed.... it's all mixed in with the tiresome stuff... up to you to tease it out.

    However, your "triple bottom" catch is a start. Observe the charts closely and you'll discover other correlations. Build a little library of "things to watch for".

    (On a larger scale, I earlier posted on the "island reversal... and a gap fill would likely act as resistance". That's still holding a lid on the market so far.)

    Island.PNG
     
    Last edited: Jun 24, 2020
    #32     Jun 24, 2020
  3. %%
    Including but not limited to that;
    daily close, weekly close/ yearly close.
    5 minutes=noise...…………………………………………..Good question/wisdom is profitable to direct.
     
    #33     Jun 26, 2020
  4. easymon1

    easymon1

    5 minute Chart
    Price Action
    Double Top
    Tripple Top
    Joyful Noise.
    PA DT xauusd 5m.png
    PA DT mnq 2m.png
     
    Last edited: Jun 26, 2020
    #34     Jun 26, 2020