[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 10: December 2011) - page 42
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Clusters of trendlines are strong areas, but how do you look at price action near these clusters? I see, for example, that people have not yet decided which way to go.
The older the TF, the stronger the trend. If the price passes near (30-50 points) to a strong trend, it usually "gets attracted" to it, on Wednesday they did not allow to test the trend - there was an intervention on the quid (I caught stops). Also it is necessary to watch for corrections - the growth of 3458 is correction to Friday's fall - something like this. (And there are divorces everywhere).
The older the TF, the stronger the trend. If the price passes near (30-50 points) to a strong trend, it usually "gets attracted" to it, on Wednesday they did not allow to test the trend - there was an intervention on the quid (I caught stops). Also it is necessary to watch for corrections - the growth of 3458 is correction to Friday's fall - something like this. (And there are divorces everywhere).
Read the book, only carefully.
Read the book, but read it carefully.
3458 is the point of a weak correction to the current local low
3458 is a weak retracement point to the current local low
Read the book, but read it carefully.
About EURUSD. I'm thinking pennant. Down in the medium term. Rebound presumably from 1.3516 and going down to 1.29 and lower
About EURUSD. I'm thinking pennant. Down in the medium term. Rebound presumably from 1.3516 and down to 1.29 and below
About EURUSD. I'm thinking pennant. Down in the medium term. Rebound presumably from 1.3516 and down to 1.29 and below
2 minus)))