do the charts above imply an upside resolution? The first chart
highlights the gap and the second one the abcde whereby it would
have to resolve to the upside.
vimal - the first SPX 15 minute chart simply shows the
contracting trendlines and do not suggest a direction.
The second chart shows a possible combination correction
(closest thing to current action that I can see) that would argue
for an Upside resolution ONCE COMPLETE.
Again, there are valid options in both directions so simply
respect a CONFIRMED break of the trendlines and associated
pivots.
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do the charts above imply
SPX 15 Trendlines and Possible Complex Pattern
Posted by vimal on 9th of Mar 2011 at 11:51 am
do the charts above imply an upside resolution? The first chart highlights the gap and the second one the abcde whereby it would have to resolve to the upside.
Is that right?
vimal - the first SPX
Posted by steve on 9th of Mar 2011 at 11:55 am
vimal - the first SPX 15 minute chart simply shows the contracting trendlines and do not suggest a direction.
The second chart shows a possible combination correction (closest thing to current action that I can see) that would argue for an Upside resolution ONCE COMPLETE.
Again, there are valid options in both directions so simply respect a CONFIRMED break of the trendlines and associated pivots.