Took a good trend line support made a jump of 16 points from 549 to 569 approx. Also broke the trendline today making low of 543.
As per trendline analysis it looks like selling has good oppurtunity if open without gaps.
Support at 543 if broke then Target : 537
Resistence at 553 if fail then Target : 543
For more random analysis like this please follow &...
I am introducing today Action/Reaction trading method as taught by Doctor Andrews (invented the famous Pitchfork method) with an example.
The A/R method requires a "center-line", A line drawn across 3 or more pivots without touching prices in between.
Once the center line is drawn, the next step is to locate a previous low or high pivot point to use for drawing...
