Saturday 15 February 2014

Weekend charts

I have posted before on ellipses in the past after finding many examples of topping and continuation patterns with several varieties. They are not very accurate patterns because they can be very flexible. Therefore, they don't even come close to my channels' precision. But still they may come handy in many situations particularly when the right side of the ellipses are following the boundaries. Take a look again.
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3 comments :

  1. Instigator92816 February 2014 at 09:14

    The SPX ellipse is interesting and a real possibility. Thanks!

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  2. bouraq19 February 2014 at 14:38

    You are most welcome. Feel free to retweet, share etc.
    Yes FTSE hit it there are reversed. 6740 is the support to watch. If it can break it down it would be a much safer short.

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  3. bouraq19 February 2014 at 14:39

    You're welcome. Let's see if that really works out.

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