Unit of Technical Analysis
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Good Morning every one,
many have been asking me to create interactive group, where they can send charts, ask questions and interact for better understainf and learning.
The above link is for that purpose.
this is ideally our 1st leg, We can expect a 50% or 0.236 level retracement of the range formed from 20th Dec low to today's high,
We just got an indication, no range formation nor a retracment, we will wait for that.
1.618 iswhere we should be looking for changes in trend reversal if any...
1st leg 1.272 is completed so we can expect a reversal in 2nd leg before moving dwon, can expect to touch around 17097 which is 0.236 of range for reversal. above yesterday's high we can see 1.618 levels
Chapter 2: Bear Cycle: How to identify prior phase, the Bear Cycle, End of Bear Cycle.
How to trade the Bear cycle.
The 1st chapter of Unit of Technial Analysis:
Chapter 1: Bull And Bear Cycle
is now successfully uploaded on Youtube.
huge opening opening red candle followed by 50% retracment are sell signals, especially at 50% levels with target 1.272 & 1.618
Will Dow Jones cross 36018 levels?
4 hour-long consolidation around these levels
Good Morning every one,
many have been asking me to create interactive group, where they can send charts, ask questions and interact for better understainf and learning.
The above link is for that purpose.
