Learning to read Price Action with P&F Charting

spot gold 15 min data
shows the trend that started on 31st jan
no break of trend a s yet

 

5 min data
shows the latest break
the bulls got control when that supp held on monday..thick red line
latest break is at 1362 area/aqua

 

spot oil
15 min
trend being tested
as you can see 2 well defined downtrends

 

3 trends so far this week on spx futures
last one looks a little overdone
lets let the market decide

 

dax only had 2 tradeable trends this week
it did not recoil like the spx ..it went into a range
looks like it wants to test the downtrend

 

5 min
showing the latest bull breakout at 1376 area
bulls need to get tested at some point

 

spx futures into next week
30 min data

 

a closer look at that downtrend

 

eurusd 2 hour
shows the uptrend that started on 5th feb
19 pips by 1 reversal
close plot
testing trend resistance at 1.3927 area ...horizontal res is above up to1.4000 area..but above 1.3965 is resistance
1.3850 is horizontal supp/yellow
prev breakout point is 1.3794/aqua

 

cable..gbpusd 2 hour
an impulsive move up in early february
been flatlining since
however,there is a hint of bearishness now