Please comment on this chart if you have time.

Discussion in 'Technical Analysis' started by semperfrosty, May 20, 2023.

  1. %%
    Good uptrend /most all medium + long term uptrends; except for some resistance 7500 area:D:DIve seen better uptrends from 2008:+ my comments dont reflect any comissions.
    barchart.com has it a 50% buy short term, but due to 200day moving average/ medium / long term trends , looks better than a 50% buy .72% buy rated last week
    Many times a 60 minute chart means little on a weekly chart; but in this case it may mean much LOL. Wisdom is profitable to direct
     
    #71     May 22, 2023
    KCalhoun and semperfrosty like this.
  2. Thanks MTT!
     
    #72     May 22, 2023
    murray t turtle likes this.
  3. KCalhoun

    KCalhoun

    Murray's a voice of wisdom. :D
     
    #73     May 22, 2023
    murray t turtle likes this.
  4. es was choppy as fuck today....but i manage to made $262.50 trading the stonk market and $5.40 doing door dash today 5/22/23.
     
    Last edited: May 22, 2023
    #74     May 22, 2023
  5. TheDawn

    TheDawn

    Appreciate you posting the chart with subsequent PA but this is a different chart from the chart that you posted in your original post as below:

    [​IMG]

    In this original chart that you posted, you see the two latest "shoulders" on the farthest right just before the PA is cut off are exactly touching 7397 whereas the new chart that you posted, the PA is at a totally different price level. My resistance/support level analysis is based on this original chart. The new 60-min. chart that you posted, is it from a different TF from this original chart? If so, are you able to post newer PA from the chart in your original post so we can compare PA from the same TF? Otherwise we are kinda comparing apples with oranges as the PA from different TF's can exhibit completely different patterns.

    Thanks
     
    Last edited: May 22, 2023
    #75     May 22, 2023
  6. SunTrader

    SunTrader

    OP after first post added many charts, different time frames .... labeled as such. o_O
     
    #76     May 22, 2023
  7. Handle123

    Handle123

    Head and shoulders top
     
    #77     May 22, 2023
  8. If you are interested IB only charge $11 RT on spi. Those rates you quoted looks like you might be using Bell Potter.
    Imo if you trading daily charts use xjo as your analysis chart and spi to actually place the trades.
     
    #78     May 22, 2023
  9. Sekiyo

    Sekiyo

    Bears are in control

    IMG_8471.jpeg

    Inside bear legs, past + current
    Inside bear / reversal candle.
    Top of range …

    That’s it.
     
    Last edited: May 23, 2023
    #79     May 23, 2023
    semperfrosty likes this.
  10. TheDawn

    TheDawn

    OP only added one chart which is the 60-min. chart after you yourself added it and that is not the same TF as the original chart that OP first posted. Am just curious to see how the PA progressed on the TF of the original chart that's all. I can't pull up the symbol from my broker's platform for some reason.
     
    #80     May 23, 2023