To “Learn” Walt’s charts, stay the next in thoughts:
Fortify – this time period refers to a pattern line or worth house underneath the marketplace which is anticipated to carry the marketplace from attainable decline.
Resistance– a worth house or pattern line above the marketplace this is anticipated to stop or stall worth will increase.
Development strains and channels – those lengthy strains define a longtime pattern or band of worth process which is anticipated to proceed. Breaking past the fad strains will ceaselessly point out a transformation of pattern. Walt tries to signify an uptrend with inexperienced line, downtrend with purple line, and a damaged pattern with a damaged line. Developments regarded as of higher significance are thicker. A damaged blue line is also a former, now damaged line, anticipated to have next significance. A blue sideways channel signifies a impartial or uneven marketplace with very little worth bias both upward or downward.
Inexperienced and purple arrows will ceaselessly be used to focus on important turns, purchase or promote “indicators,” or break-outs from buying and selling patterns.
Reversal days (up or down) happen when a last worth happens in the other way from a prior dramatic pattern.
Gaps in worth motion might be known via yellow circles which normally trace at primary adjustments of path or worth habits.
Bull and endure flags and pennants are ceaselessly highlighted as indications of small corrective strikes in an another way higher worth pattern.
Triangles is also defined with the intention to point out a contraction of highs and lows coiling for a later break-out in worth path.
Bull Lure – a false or failed chart break-out to the upside which pulls bulls into a protracted place previous to a flip to the drawback.
Endure Lure – a false or failed chart breakout to the drawback which pulls bears into a brief place previous to a flip to the upside.
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Walt Breitinger
Breitinger & Sons, Commodity Futures Agents
800.411.FUTURES (3888)
www.indianafutures.com