Learning to read Price Action with P&F Charting

Sugar #11
Current - Daily

Edit: annotation on chart should read 3 = $336 (30 tics)

 

xlf
H1 data
a great trend.

 

dow index
over the last week
care with shorts
that trend gets tested in 13325 area
5 min data

 

update to the dow 5 min chart posted around 6pm uk time
trend got tested and we bounced

 

eurusd possibly a change of trend
there is a possible 3 box count /upwards forming.purple area
so this makes 1.2900 an area of bigger res
1.2834 trendline supp/green
H1 data
10pips by 3 reversal
lets see what happens when bernanke speaks tomorrow

 

Dow index
trend from 1 st may
15 min
trend gets tested in 15310 area

 

dow index
today"s price action was a bit wild
but see how the wild moves did not distort the chart.price carried on that uptrend despite the spike.trendline got broken and price keeled over for a move down

 

cable...H2 data
2 phases of the downtrend that started from 1.5600 area
second phase is being tested
lets seen what happens

 

usdcad H4
watching that uptrend

 

Dow sweet spot
H4 data
trend starts to get tested in 15120 area
60 points by 2 reversal
hilo plot