Learning to read Price Action with P&F Charting

if that area breaks then look for potential supp in these areas
imho

 

eurusd
4 hour data
support for this uptrend seems to be lying in the 1.3216 area and has not been tested as yet
56 pips by 1 reversal

 

spx
30 min data
if this latest trend starts to fail look for this area as the first test

 

we gotta a minor fake last week on eurusd
goinm back into the support zone for a rethink
2 hour data
36 pips by 1 close

 

and we got the possible fake in the s&p500
if 1340 fails then possible 1320

 

dollar strength....not yet
but a possible breakdown..too early to tell as yet
audusd..one of the commodity currencies
4 hour data
35 pips by 1 reversal

 

audusd 4 hour updated chart
1.0640 got tested/major supp on wednesday
price is out of the channel in a consolidation.and no signal as yet to go short

 

s&p 500
2 hourly data
we can see how the market threw out a fake downward signal on 10 feb
most people calling the market overbought and due a correction
no way..price got bullish and we carried on upwards
new supp area has moved up to 1350

 

you`ve drawn the trendlines incorrectly.You shoulda connected 'Oes' with 'Oes' and 'Xes' with 'Xes'.That how it works.

cheers!

 

one box reversal
subjective trendlines should connect up to the right hand side of semi catapults
according to duplessis