This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Neither yet as it is above the rising angle but below the falling one.It is still technically in an uptrend till the rising line breaks.Breaking below 4 week lows is negative though and next week should reveal whether we just had a 1 week counter-trend and are headed down or not.If you are just trading off the Gann angles you could use a break of the rising line as a sell signal and the declining line would be your stop
Interesting chart.
ReplyDeleteDoes it say BUY or SELL???
Neither yet as it is above the rising angle but below the falling one.It is still technically in an uptrend till the rising line breaks.Breaking below 4 week lows is negative though and next week should reveal whether we just had a 1 week counter-trend and are headed down or not.If you are just trading off the Gann angles you could use a break of the rising line as a sell signal and the declining line would be your stop
ReplyDeletebreaking or holding last year's high is also something to watch out for..
ReplyDelete