InvestorsHub Logo
Followers 134
Posts 3703
Boards Moderated 2
Alias Born 09/11/2003

Re: novicetrader post# 49

Thursday, 10/18/2012 12:08:13 AM

Thursday, October 18, 2012 12:08:13 AM

Post# of 58
The ADNC chart is a perfect illustration of a "pincher" chart formation. Take a look at the indicators placed over the top of the ADX directional movement lines on the below charts. The expansion, or pealing-away that occurs following the ADX line squeezing in tighter (pinching) to the indicators above predictably result in pps rises. :) For more info on pincher type chart patterns and how to scan for them, check out the House of Pinchers board here: http://investorshub.advfn.com/%22House-of-Pinchers%22-9737/ GL and happy trading!







Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.