Friday, November 07, 2014 12:53:20 PM
ANR chart
This one is working on a single bottom bounce mid term and flag short term. Flag target 2.90, single bottom till it hits a resistance point it can't break. Watch volume for continuation expectations. Decreasing volume in a run signals stall or retrace. IMO if volume doesn't get better today, think about taking profits.
The high tight flag (retrace stays above 50% FIBs) is another one I've been watching for a new TIP. The theory is breakout or fall happens in week 3 on high and tight flags, that don't continue right away.
The more you see something happen, the more you can rely on it!
Another week 3 decision.
This one is working on a single bottom bounce mid term and flag short term. Flag target 2.90, single bottom till it hits a resistance point it can't break. Watch volume for continuation expectations. Decreasing volume in a run signals stall or retrace. IMO if volume doesn't get better today, think about taking profits.
The high tight flag (retrace stays above 50% FIBs) is another one I've been watching for a new TIP. The theory is breakout or fall happens in week 3 on high and tight flags, that don't continue right away.
The more you see something happen, the more you can rely on it!
Another week 3 decision.
Welcome to my mind!
Success to all
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