francisfinley
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francis. i went back to youre blog spot this morning.i did understand it better.i am still confused at which are the important trendlines.please let me know..thanks
also which are the important s/r zones.
the most powerful is where the trendline and support line meets.
usually after watching a pro do it he will look along a support line to where it spiked. look at my recent chart for 23rd march 09. See the spike upto 4020? also look at 15th april 09. thats the 4020 support line. now look at the trend line rising up as support the black one not the pink one. it hit that as well as 4020 and said no thanks.
support and reisistance and trendlines. it is soooooo simple but it works. it really does.