FREE CHARTS
Free charts this week are the EUR/USD and oil. The EUR/USD chart shows a double bottom formation that may be suggesting a change in trend or perhaps a move into a sideways trading range. The oil chart illustrates Dr. Andrews concept, “When lines converge with price, a pivot (P) is formed”.
Free charts: http://www.medianlinestudy.com/free-charts.html
What are you reading? I am reading This Time is Different: Eight Centuries of Financial Folly
- an excellent historical view of financial crises with a look at the most probable outcome that we may be facing in today’s crises.
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Futures
The e-mini S&P chart shows how to determine a market is in consolidation mode. The gold chart illustrates a technique to determine if a Median Line set is “good” and worth leaving on the chart. The oil chart illustrates Dr. Andrews concept, “When lines converge with price, a pivot (P) is formed”.
Currencies
The EUR/USD chart shows a double bottom formation that may be suggesting a change in trend or perhaps a move into a sideways trading range. The USD/CAD chart discusses when to keep a Median Line and how to determine if it still has influence on price. The USD/JPY illustrates how a “trend line” Median Line can help to determine targets well before price reaches the target area.
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