MASTER
VOLATI
LI
TY
75I
NDEX
I
NTRODUCTI
ON
Bef
or
ey
out
r
ade,
onemustknow
t
haty
oumust
l
ear
nal
l
aspect
s
oft
r
adi
ng.
Bef
or
et
r
adi
ng
v
ol
at
i
l
i
t
y75
i
ndex,
y
oumust
beat
r
aderand
hav
ehad
gener
al
i
dea
abouthowt
he
mar
ketf
unct
i
on
becauset
her
ei
snov
astdi
f
f
er
encebet
weent
r
adi
ngi
nt
hegener
al
f
or
exmar
ketandsy
nt
het
i
cor
v
ol
at
i
l
i
t
y75i
ndex.I
tr
equi
r
essamet
echni
cal
andanal
y
t
i
cunder
st
andi
ngs.I
nt
hi
sbook,
Iwi
l
l
be
t
al
ki
ngmor
eonv
ol
at
i
l
i
t
y75i
ndexandspeci
f
i
ct
echni
quesandt
r
i
cksi
nbecomi
ngasuccessf
ul
andpr
of
i
t
abl
ev
i
x75t
r
ader
.Ther
ei
snodi
f
f
er
encebet
weent
r
adi
ngcur
r
encypai
r
sandv
i
x75or
v
ol
at
i
l
i
t
yi
ndext
r
adi
ng.Theyal
l
cutacr
osst
hesamest
r
at
egi
esonl
ywi
t
hsl
i
ghtdi
f
f
er
enceand
t
echni
que.
Ast
henamei
mpl
i
es,
Vol
at
i
l
i
t
yi
sabi
nar
ypai
rwhi
chhasmanymov
ement
si
ni
t
smar
ket
.
Tr
adi
ngt
hi
spai
rcanbepr
of
i
t
abl
ewi
t
hi
nf
ewsecondsandatt
hesamet
i
mewi
pey
ouraccount
wi
t
hi
nf
ewseconds.I
nt
hi
scase,
t
het
r
aderneedsanut
mostexper
i
enceandknowl
edgeneeded
i
nt
r
adi
ngv
ol
at
i
l
i
t
y75i
ndex
.
Let
’
spr
oceedt
oourLessons.Byr
eadi
ngt
hi
sbookwear
emor
ef
ocusandcent
er
edonv
ol
at
i
l
i
t
y
75i
ndex.Wewoul
danal
y
zesomegener
al
knowl
edgebackgr
oundofsomespeci
f
i
ckeyl
essons
y
ou’
l
l
needbef
or
eput
t
i
ngy
ourst
r
at
egi
est
ouse.
1.CANDLESTI
CKSANALYSI
S
Oncey
ouent
eranycount
r
y
,
y
ouar
eobl
i
gedt
odoexact
l
ywhatt
hecount
r
yy
ouf
i
ndy
our
sel
f
i
ndoes.Candl
est
i
cksar
ej
ustl
i
ket
hel
anguageoft
hemar
ket
.I
magi
ney
ouf
i
ndy
our
sel
fi
na
pl
acey
oudon’
tunder
st
andt
hel
anguaget
heyar
espeaki
ng,
howwi
l
l
y
ouf
i
ti
n?I
t
’
st
hesame
t
hi
ngt
het
r
adi
ngmar
ket
,
t
hecandl
est
i
ckswi
l
l
t
el
l
y
ouwhati
sgoi
ngoni
nt
hemar
ketsoy
ou
woul
dhav
ei
deaaboutev
er
ymov
eont
hemar
ket
.Ther
ear
el
ot
sofcandl
est
i
ckst
y
pesand
pat
t
er
ns.Howev
er
,
si
ncewear
especi
f
i
cal
l
yonv
i
x
75,
Iwi
l
l
expl
ai
nspeci
f
i
ccandl
est
hat
wor
kspeci
f
i
cal
l
yonv
i
x75.
Let
’
sbr
i
ef
l
yl
ookatwhatconsi
stofacandl
ei
ngener
al
.
Acandl
econsi
stofabody
,
ahi
gh,
al
owandawi
ck.Ref
ert
ot
hepi
ct
ur
ebel
ow
I
not
herchar
t
s,
t
hebul
l
i
shcandl
esar
ecol
or
edwhi
t
ewhi
l
et
hebear
i
shcandl
esar
ecol
or
ed
bybl
ack.Thecol
ordoesnotmat
t
er
,
t
heyar
ej
ustpr
ef
er
encesi
nv
ar
i
at
i
onst
ot
r
ader
s.
TakeNot
et
hatt
heOpenoft
heBul
l
i
shcandl
ei
st
hecl
oseoft
hebear
i
shcandl
eandt
he
cl
oseofabul
l
i
shcandl
ei
st
heopenofabear
i
shcandl
e.Thi
si
swhatImean,
f
orbul
l
i
sh
candl
es,
t
hepr
i
ceopensbel
owandcl
osesabov
e.
Forbear
i
shcandl
es,
t
hepr
i
ceopensabov
eandcl
osesbel
ow,
y
oucanr
ef
erbackt
ot
he
pi
ct
ur
e.
Thewi
cksr
esul
t
sasaf
or
m ofr
ej
ect
i
onwher
epr
i
cear
el
i
kel
yt
or
ev
er
se.
Nowl
et
’
sgett
ocer
t
ai
ncandl
esdoeswor
konv
i
x75.
ENGULFI
NGCANDLES
Ther
ear
et
woengul
f
i
ngcandl
eswewi
l
l
bel
ooki
ngat
.
BULLI
SHENGULFI
NCANDLE
Thi
si
sacandl
et
hatconnot
est
hepr
ev
i
ouscandl
e.Thatmeansi
tengul
f
st
hepr
ev
i
ous
candl
e,
t
hecl
oseoft
hebul
l
i
shcandl
ecl
osesabov
et
hepr
ev
i
ousbear
i
shcandl
e.Ref
ert
ot
he
pi
cbel
ow
Nowl
ookatt
heBul
l
i
shcandl
e,
y
oucanseei
thast
ot
al
l
y
engul
f
edt
hebear
i
shcandl
e,
i
thascl
osedabov
ei
t
,
i
ti
sasi
gnt
hatt
hebul
l
sorbuy
er
sar
e
l
i
kel
yt
ocomei
nt
ot
hemar
ketany
t
i
mesoon.Wewi
l
l
f
ur
t
herl
ookathowt
oi
mpl
ementt
hi
s
candl
et
y
pesoncewegett
osuppor
tandr
esi
st
ancel
ev
el
s.Howdowespotabul
l
i
sh
engul
f
i
ngcandl
e?
1.Thepr
ev
i
ouscandl
emustbebear
i
sh
2.Thebul
l
i
shcandl
emustengul
ft
hepr
ev
i
ouscandl
e
BEARI
SHENGULFI
NGCANDLES
Thi
si
st
heopposi
t
eofbul
l
i
shengul
f
i
ngcandl
es.Thi
si
swher
et
hecl
oseoft
hebear
i
sh
candl
ecl
osesbel
owt
hatoft
hepr
ev
i
ouscandl
e(
bul
l
i
shcandl
e)
.
Howdowespotbear
i
shengul
f
i
ngcandl
e?
1.Thepr
ev
i
ouscandl
emustbebul
l
i
sh
2.Thebear
i
shcandl
emustengul
ft
hatoft
hepr
ev
i
ouscandl
e.
Bear
i
shengul
f
i
ngcandl
eshowssi
gnsofmar
ketr
ev
er
sal
swher
emar
keti
sl
i
kel
yt
or
ev
er
se.
I
tdoesnotmeant
hatany
t
i
met
her
ei
sabul
l
i
shengul
f
i
ngcandl
eorbear
i
shengul
f
i
ngcandl
e,
mar
ketwoul
dr
ev
er
se,
t
her
ear
ev
ant
agepoi
nt
satwhi
cht
hesemar
ket
swoul
dr
ev
er
seonce
wespott
hem whi
chwi
l
l
beournextt
opi
ct
ol
ookat
.
PRI
CEREJECTI
ONCANDLES
1.HAMMER
2.HANGI
NGMAN
Thesear
et
hr
eecandl
est
haty
ouseewhent
her
ei
sr
ej
ect
i
on.
HAMMER
Hammeri
s
madeupofal
ongwi
ckandashor
tbody
.Bynowwehav
el
ear
ntandknownt
hebodyand
wi
cksofacandl
e.Ther
esul
toft
hi
scandl
ei
sbecausepr
i
cehasbeenr
ej
ect
edorpushedup
t
hat
’
swhywehav
et
hel
ongwi
ck.I
tmeanst
hebuy
er
sar
et
r
y
i
ngt
ocomei
nt
hat
’
swhyy
ou
canseet
hatt
hewi
cki
sbel
owandt
hebodyi
sabov
e.Hammeroccur
si
nadownt
r
end.We
wi
l
l
soonl
ookatv
ant
agepoi
nt
si
nhowt
oent
ert
r
adeswi
t
ht
hi
scandl
espr
i
cer
ej
ect
i
ons.
HANGI
NGMAN
Hangi
ngmani
sbasi
cal
l
yt
hesameashammer
.The
onl
ydi
f
f
er
encei
st
hat
,
1.Hammeroccur
si
nadownt
r
end
2.Hangi
ngmanoccur
si
nanupt
r
end
I
t
ssi
mi
l
ar
i
t
yi
st
hatt
heybot
hper
f
or
m samef
unct
i
on.Hammeri
sf
orabul
l
i
shr
ev
er
sal
and
hangi
ngmani
sf
orabear
i
shr
ev
er
sal
.
NOW,
t
hequest
i
onweal
l
ask,
whatst
r
at
egycanIuset
ot
r
adev
ol
at
i
l
i
t
y75i
ndex,
t
her
ear
ef
ew
ef
f
ect
i
v
ewor
ki
ngst
r
at
egyIwoul
dl
i
ket
oshar
e,
I
nr
eal
t
er
msi
twor
ksi
n90%ofmar
ket
.We
woul
del
abor
at
ei
ndet
ai
l
s5pr
of
i
t
abl
est
r
at
egi
esf
ort
r
adi
ngv
ol
at
i
l
i
t
y75i
ndex.Theyi
ncl
ude,
1.SUPPORTANDRESI
STANCE
2.TRENDLI
NES
3.RETESTLEVELSANDENTRI
ES
4.SI
MPLECHARTPATTERNS
5.FI
BONACCIRETRACEMENTTOOLS
Al
l
t
hi
sst
r
at
egi
eswor
ki
ndependent
l
yont
hei
rownandcanbet
r
adedi
ndependent
l
y
,
t
her
ef
or
ey
ouast
het
r
aderi
st
opi
ckoneandmast
eri
torhar
moni
zeal
l
anduset
hem
t
oget
hersi
ncet
hemar
ketmov
esi
nv
ar
i
at
i
on.Themostbeaut
i
f
ul
t
hi
ngi
st
haty
ouwi
l
l
seeal
l
t
hi
sst
r
at
egi
escomet
opl
ayal
ongonepoi
ntort
heot
her
.Letusbr
i
ef
l
ydi
scusshowt
o
ef
f
ect
i
v
el
yut
i
l
i
zet
hi
sst
r
at
egi
cl
essonsonv
i
x75.
SUPPORTANDRESI
STANCELEVELS.
WEBUYONASUPPORTANDSELLONARESI
STANCE.
Mostatt
i
meswehearpeopl
esaypr
i
cei
satsuppl
yordemand,
Thesesuppl
yanddemandar
e
basi
cal
l
ysuppor
tandr
esi
st
anceLev
el
s.Thebeaut
i
f
ul
t
hi
ngwi
t
hsuppor
tandr
esi
st
ance
especi
al
l
ywi
t
hv
i
x75i
st
hati
twor
ksev
enont
he1mi
nt
f
,
sowi
t
ht
haty
oucanev
enanal
y
z
e
v
i
x75on1mi
nt
fusi
ngsuppor
tandr
esi
st
anceunl
i
kef
or
exi
ndi
cest
haty
ouwoul
dhav
et
odr
aw
t
hem onhi
ghert
i
mef
r
amel
i
keh4upwar
d.Nowi
magi
net
hi
s,
bui
l
di
ngt
hathasnopi
l
l
ar
s,
how
woul
dt
hatbui
l
di
ngst
and?I
twi
l
l
def
i
ni
t
el
ycol
l
apse,
becauset
hati
swhati
shol
di
ngt
hebui
l
di
ng
t
oget
her
.Let
’
sgetst
r
ai
ghtt
oi
t
.
Ar
esi
st
anceorasuppor
ti
smadeupoft
wopoi
nt
st
hatar
ecommonl
yseenont
wopoi
nt
soft
he
mar
ket
.
Suppor
tandResi
st
ancear
et
hemostcommonl
yt
r
adedst
r
at
egi
esi
nt
hemar
ketbot
hwi
t
h
i
ndi
cesandv
ol
at
i
l
i
t
y
,
i
tal
way
ssuppor
tandr
esi
st
ancewi
t
hl
i
t
t
l
ecandl
est
i
ckknowl
edgeand
appl
i
cat
i
on.
Howdoweconnectsuppor
tandr
esi
st
ance,
wedosobyl
ooki
ngf
oracommonhi
ghanda
commonl
ow.
I
nt
hepi
ct
ur
ebel
ow,
y
oucoul
dnot
i
cet
hatt
heyar
et
wocommonpoi
nt
st
hathasbeenmar
ked
andj
oi
nedt
oget
her
.Soi
ndr
awi
ngar
esi
st
ancey
oul
ookf
orapoi
ntwher
epr
i
cehasr
al
l
i
edupt
o
cr
eat
eapoi
ntAt
hencomesdownandgoesbackup,
oncei
t
’
si
nl
i
newi
t
hpoi
ntAmar
keti
s
l
i
kel
yt
of
al
l
,
wheni
tcomest
ov
i
x75,
suppor
tandr
esi
st
ancewor
ksabout90%,
sot
r
ader
swi
l
l
most
l
ysel
l
atpoi
ntBbecausei
ti
si
nl
i
newi
t
hpoi
ntAandi
tmayf
al
l
.RememberweSELLona
RESI
STANCENOTBUY.
Taket
hepi
ct
ur
eabov
e,
Vi
x75M15Tf
.
Let
’
st
akepoi
ntt
her
edboxandpoi
ntAandgr
eenboxaspoi
ntB
Pr
i
cer
al
l
i
edupt
ocr
eat
eapoi
ntt
hat
’
sPoi
ntAt
her
edshor
tsquar
ebox,
t
henr
al
l
i
eddownand
wentupagai
nt
ocr
eat
epoi
ntB(
t
hegr
eenshor
tbox
)t
omeett
hef
i
r
stpoi
ntandt
hencamedown.
Whatwewi
l
l
doi
st
oi
mmedi
at
el
ySELLonPoi
ntBbecauset
hepsy
chol
ogybehi
ndi
st
hatwhen
i
tget
st
ot
hatpoi
nt
,
i
twi
l
l
sel
l
.Thi
si
sonesecr
etabout75Iam di
scl
osi
ng,
Af
t
erar
esi
st
anceA
hasbeeni
ni
t
i
at
ed(
r
edr
ect
angl
e)
,secondt
ouchesnor
mal
l
yhol
d,
t
het
hi
r
dt
ouchi
snotadv
i
sabl
e
t
oent
eri
nasi
tmi
ghtbr
eakt
hesuppor
torr
esi
st
ance.At
hi
r
dl
i
keapoi
ntC.
Iwi
l
l
expl
ai
nt
hatwi
t
hapi
ct
ur
ebel
ow
Nowl
ookatt
het
hi
r
dt
ouchofi
t
,
i
tcoul
dn’
thol
df
orl
onger
,
nowcompar
et
hef
i
r
stt
ouchorpoi
nt
,
t
hesecondorpoi
nt
,
andt
het
hi
r
dt
ouchy
oucoul
dseet
hesecondt
ouchhel
di
tmor
et
hant
he
t
hi
r
done,
sof
ort
het
hi
r
done,
i
nst
eadofsel
l
i
ngi
mmedi
at
el
y
,
y
ouwai
tf
oracandl
esuchas
BEARI
SHENGULFI
NGCANDLEt
ot
el
l
y
out
hati
twi
l
l
sel
l
,
t
henf
ort
haty
ouscal
pt
hesel
l
al
i
t
t
l
e
becausei
tmi
ghtnothol
dl
onger
.
Nowl
ookatt
hey
el
l
owr
egi
onshadedy
el
l
ow,
y
oucoul
dseebear
i
shengul
f
i
ngcandl
esont
he
r
esi
st
ance,
soy
ouscal
pt
hel
i
t
t
l
esel
l
f
or15mi
nor30mi
nut
esbecausei
t
’
sonat
hi
r
dt
ouchand
i
tmi
ghtbr
eakeasi
l
y
.Nowseeaf
t
ert
het
hi
r
dt
ouchy
oucoul
dseet
hatpr
i
cebr
okei
tandf
ur
t
her
wentup.
Nowt
hatwehav
eunder
st
oodhowr
esi
st
ancewor
ksonv
i
x75,
l
et
’
sseehowi
twor
ksonsuppor
t
aswel
l
.
DRAWI
NGSUPPORT
Justaswesawhowwedr
awr
esi
st
ance,
wei
mpl
ementt
hesamescenar
i
oi
ndr
awi
ngsuppor
t
.
Wedr
awsuppor
tbyconnect
i
ngt
woLowsPoi
ntAandBt
hatar
eonsamel
i
ne.
Vi
ewt
hepi
cbel
ow
Pr
i
cer
al
l
i
eddownt
omakepoi
ntA(
y
el
l
owr
ect
angl
e)andwentupandcamedownt
omeetpoi
nt
B(
r
edr
ect
angl
e)
.Youcoul
dseet
hatpr
i
cei
mmedi
at
el
yshotorbought
.Wear
ecur
r
ent
l
yon
Vi
x75M15t
f
.Sowhatwedoont
hesecondt
ouchi
sy
oucanBUYi
mmedi
at
el
ypr
i
ceget
st
her
e,
y
ou’
l
l
BUYandputaSt
opl
ossbel
owt
her
esi
st
anceal
i
t
t
l
ef
ar
t
her
.
Nowl
et
’
sanal
y
zet
hechar
tbel
ow
Bef
or
eIcont
i
nuel
ookatt
hechar
tandseet
el
l
y
our
sel
fwhaty
ouseeont
het
hi
r
dt
ouch(
bl
ue
box)
.Youcoul
dseepr
i
cecoul
dn’
thol
dont
het
hi
r
dt
ouch,
i
tbr
okeandwentdown.That
’
st
he
secr
et
.Fort
het
hi
r
dt
ouchesi
nst
eadofsel
l
i
ngorbuy
i
ngatt
hesuppor
torr
esi
st
ancet
hi
r
dl
ev
el
s
wai
tf
orBULLI
SHorBEARI
SHENGULFI
NGCANDLESandscal
pt
hef
or15or30mi
nut
esand
cl
osey
ourt
r
ades.
Nowl
et
’
sseeabi
tmor
eoft
hehammerandt
hehangi
ngman.Wheny
ouspotahammerora
hangi
ngmanonasuppor
torr
esi
st
ance,
i
tt
el
l
sy
out
hatpr
i
cehasbeenr
ej
ect
edont
hatzone
andt
hatl
ev
el
andpr
i
cei
sei
t
herl
i
kel
yt
or
ev
er
se.Nowl
et
’
sl
ookatt
hepi
cbel
ow
NowIdi
dsayt
hathammermeansmar
keti
sl
i
kel
yt
oBUYespeci
al
l
yont
hesuppor
t
,
Nowl
et
’
s
l
ookatt
hechar
tabov
e,
seewhathappenedont
hesuppor
twher
et
hel
ongr
ect
angl
eboxi
s,
t
hat
wasahammer
,
i
twasr
ej
ect
edont
hesuppor
t
,
nowwat
chwhathappenedaf
t
ert
her
ej
ect
i
on,
a
st
r
ongengul
f
i
ngcandl
et
henaf
t
erwhi
chmar
ketwentup,
nowwat
cht
heent
r
yl
ev
el
,
wher
ei
v
e
dr
awnt
het
hi
nhor
i
zont
al
l
i
ne,
t
hat
’
swher
ey
ouexecut
et
het
r
ade,
andputaSLbel
owt
he
r
esi
st
ance.Soweseet
heconcept
,
i
mmedi
at
el
yy
ouent
er
edwewer
esooni
npr
of
i
t
.
Somewoul
dhav
eboughti
mmedi
at
el
yatt
hesuppor
tatt
hesuppor
t
,
t
hedi
f
f
er
encei
st
hatt
hey
ar
ebuy
i
ngbecauset
heyknowmar
ketwoul
dmov
eupal
i
t
t
l
eandy
ouar
ebuy
i
ngbecausey
ou
ar
er
eadi
ngandl
ooki
ngatwhati
sact
ual
l
ygoi
ngon,
i
t
’
smor
el
i
ket
hemar
keti
scommuni
cat
i
ng
wi
t
ht
het
r
ader
.
ABOUTSUPPORTANDRESI
STANCEONHI
GHERTI
MEFRAMES.
Don’
tt
r
adeonahi
ghert
i
mef
r
amesuchasH1andH4i
fy
ouhav
easmal
l
equi
t
ywi
t
hv
ol
at
i
l
i
t
y
75i
ndex.
Thi
si
st
her
eason,
Let
’
ssayy
ou’
r
et
r
adi
ngh1t
i
mef
r
ameonsuppor
tOncet
hecandl
esgett
ot
he
suppor
tl
ev
el
t
heny
ouwantt
obuy
,
whathappensi
st
hatwi
t
ht
heh1t
i
mef
r
amepr
i
cesar
el
i
kel
y
t
obr
eakt
hesuppor
torr
esi
st
anceandcauseal
i
t
t
l
ef
akeoutbef
or
ei
tcomesbackorr
ev
er
ses,
i
f
y
ouar
eont
hesmal
l
ert
i
mef
r
ame,
y
ougetanear
l
i
erconf
i
r
mat
i
oni
fi
twi
l
l
act
ual
l
ybuy
.
HOW TOTRADEWI
THSUPPORTANDRESI
STANCEVI
X75
Let
’
sl
ookathowt
ohar
moni
zesuppor
tandr
esi
st
ancewi
t
hhi
gherandsmal
l
ert
i
mef
r
amesuch
asusi
ngH1andH4andusi
ngent
r
i
essuchasM15andM5t
i
mef
r
ames.
Wheny
ouopeny
ourchar
t
,
t
het
hi
ngy
oudoi
s,
Fi
r
stofal
l
Dr
awwhat
ev
ery
oucur
r
ent
l
yseeon
t
hehi
ghert
i
mef
r
ame,
i
fy
ou’
r
eseei
ngasuppor
tont
heh1orH4t
i
mef
r
amei
tmeanst
haty
ou
shoul
dbel
ooki
ngf
ormor
eBUYsr
at
hert
hansel
l
i
ng.
sowhathappensi
st
haty
ouwi
l
l
bel
ooki
ng
f
ormor
esuppor
tl
ev
el
sont
hem15andm5t
i
mef
r
amest
ot
r
i
ggery
ourbuyoppor
t
uni
t
i
es.
Thi
si
sv
i
x75H1t
i
mef
r
ameonOct
ober21st2019
NowwhenIopenedmyt
r
ade,
t
hef
i
r
stt
hi
ngIsawwast
haton21stOct
oberwewer
ecur
r
ent
l
yon
asuppor
t
,
soIdr
ewt
hel
i
net
oconnectt
omysuppor
t
,
donotpayat
t
ent
i
ont
ot
her
estoft
he
st
candl
est
hathasoccur
r
edbecauseon21 Oct
ober
,
t
hatwaswhatwashappeni
ngont
heh1
t
i
mef
r
ame,
sonowhowdoIent
ermyt
r
ades?Iknowt
hati
fI
’
m onsuppor
tIwi
l
l
BUY,
soIwi
l
l
swi
t
cht
ot
hem15orm5t
i
mef
r
ameandt
henIwi
l
l
l
ookf
orsuppor
tar
easwher
eIcanBUY.
Wat
cht
hepi
ct
ur
ebel
ow
Nowt
hi
si
st
hem15t
i
mef
r
ameofwhatwashappeni
ngon21stOct
ober
,
r
emembery
ouast
he
t
r
adershoul
dbemor
ei
nt
er
est
edi
nbuy
i
ngt
hansel
l
i
ngbecausegener
al
l
yont
hehi
ghert
i
me
f
r
amewear
eonasuppor
tl
ev
el
,
nowwat
cht
hel
ev
el
soft
hem15,
t
hesuppor
tl
ev
el
s,
t
hati
s
whatIwi
l
l
bel
ooki
ngf
or
,
Iwi
l
l
bel
ooki
ngt
obuymor
eaf
t
eri
thasr
eachedmysuppor
tl
ev
el
becausewear
emor
ei
nt
er
est
edi
nbuy
i
ngt
hansel
l
i
ng.Soany
t
i
mepr
i
ceget
st
ot
hesuppor
t
,
y
ou
BUY.Remembert
hesecondt
ouchandt
hi
r
dt
ouchandt
het
r
i
cksIhi
ghl
i
ght
ed,
t
hesecondt
ouch
nor
mal
l
yhol
dswhi
l
et
het
hi
r
dt
ouchi
sl
i
kel
yt
obr
eaki
t
.Remember
!
LETUSWATCHANOTHEREXAMPLEWI
THARESI
STANCE
OnOct
ober18thIopenedmyv
i
x75t
r
adi
ngchar
tandIwant
edt
oanal
y
zet
r
ade,
soaf
t
ergoi
ng
t
hr
ought
hemar
ket
,
Isawar
esi
st
ance,
sowhaty
oudoi
st
oconnectasseeni
nt
hepi
ct
ur
e
abov
e,
Nowsoaf
t
erdoi
ngt
hi
sr
ememberi
fpr
i
cei
sonar
esi
st
ance,
weSELL.NowIwi
l
l
mov
et
o
mysmal
l
ert
i
mef
r
ameM5orM15,
nowl
et
’
sl
ookatt
hechar
tbel
owf
orM5andM15and
Oct
ober18th.
Looki
ngatt
hepi
ct
ur
eabov
e,
y
ouwoul
dnot
i
cet
hatt
hemar
kethasr
espect
edal
mostal
l
t
he
r
esi
st
ancel
ev
el
sandt
heni
tSOLD.Youcoul
dseehowt
hemar
ketwasf
al
l
i
ngatt
her
esi
st
ance
l
ev
el
.Soi
nbr
i
efaf
t
ery
ousawt
hatpr
i
cei
scur
r
ent
l
ymov
i
ngunderar
esi
st
ance,
y
ouwi
l
l
make
useofal
l
t
her
esi
st
ancel
ev
el
sbecauset
hepsy
chol
ogybehi
ndi
ti
st
hati
twi
l
l
sel
l
si
ncei
t
’
sona
r
esi
st
ance.
ASUPPORTTURNSI
NTOARESI
STANCEANDARESI
STANCETURNSI
NTOASUPPORTAFTER
BEI
NGBROKEN.
Let
’
sanal
y
zet
hechar
tbel
owcar
ef
ul
l
y
Let
’
smakeconcr
et
eanal
y
si
s.
Number1-wat
cht
her
edr
ect
angul
arbox,
f
i
r
stofal
l
i
twasasuppor
tr
i
ght
?
Number2-nowwat
ch,
wheni
tgotbr
okenandcamedown,
wat
cht
hegr
eenl
i
neandgr
een
r
ect
angul
arbox,
t
hatol
dsuppor
tnowbecameanewr
esi
st
ance,
soy
oucoul
dseet
hatwhen
r
i
cegott
her
e,
i
tr
ev
er
sedandsol
dbecausei
tnowser
v
edasar
esi
st
ance.
Number3-nowwat
cht
heov
al
,
pr
i
cebr
oket
hr
ought
her
esi
st
ance,
t
heol
dr
esi
st
ancehasnow
becomeanewsuppor
tl
ev
el
sowhenpr
i
ceget
st
ot
hatl
ev
el
,
andi
tbouncesup.Hopewear
e
f
ol
l
owi
ngcl
osi
ng.
Af
t
erpr
i
cebr
eakst
hr
oughar
esi
st
anceandgoesup,
andst
ar
tmov
i
ngupbackt
ot
hat
r
esi
st
ance,
y
ouwi
l
l
BUYbecauset
her
esi
st
ancei
snowasuppor
t
Let
sf
ocusont
hi
schar
tabov
e,
nowseewhathappenedi
ni
t
i
al
l
y
,
i
twasar
esi
st
ance,
t
henaf
t
er
pr
i
cebr
oket
hr
oughandwentup,
i
tcamedownt
ot
hatsuppor
twhi
chwasapr
ev
i
ousr
esi
st
ance
sowebuyf
r
om t
her
e.Hopewegett
hewhol
egi
st
?Sot
her
esi
st
ancewheni
tgotbr
okeni
tnow
becameasuppor
t
.
Let
sseeanot
herchar
t
Seet
hei
magebel
ow
Nowwat
cht
hesuppor
t(
y
el
l
owr
ect
angl
e)
,
i
twasasuppor
tt
henpr
i
cebr
oket
hough,
wentdown
andcamebackup,
nowwat
cht
her
edbox,
i
tbecameanewr
esi
st
anceoft
heol
dsuppor
tso
pr
i
ceFel
l
soweSELL.Sowecansel
l
st
r
ai
ghtwayf
r
om t
her
eorl
ookf
orpr
i
cer
ej
ect
i
oncandl
es
suchashangi
ngmanf
ol
l
owedbyabear
i
shengul
f
i
ngcandl
et
henweSELL.Soy
ouwoul
dnot
i
ce
t
hatt
heol
dsuppor
thasnowbecomeanewr
esi
st
ance.
I
nanutshel
l
,
1.WHENASUPPORTI
SBROKEN,
THATSUPPORTBECOMESANEW RESI
STANCEWHEN
PRI
CEBROKESI
TANDSTARTMOVI
NGUP
2.WHENARESI
STANCEI
SBROKEN,
THATRESI
STANCEBECOMESANEW SUPPORT
WHENPRI
CESTARTMOVI
NGBACKTOTHATRESI
STANCE
SUMMARYOFSUPPORTANDRESI
STANCELEVELS
1.BUYONASUPPORTANDSELLONARESI
STANCE
2.SUPPORTANDRESI
STANCEWORKSPERFECTLYONM5,
M15ANDH1.USEH4ANDH1
FOROVERALLTRENDOFMARKET.
HOWEVER,
M15I
SRECOMMENDEDASMORE
SUPPORTANDRESI
STANCEAREASARESPOTTED.
3.I
FMARKETI
SONASUPPORTORMOVI
NGABOVESUPPORTONAHI
GHERTI
ME
FRAMELI
KEH1,
MAKEUSEOFTHESUPPORT(
BUYOPPORTUNI
TI
ES)ONTHESMALER
TI
MEFRAMELI
KEM5ANDM15.
4.I
FMARKETI
SONARESI
STANCEORMOVI
NGBELOW ARESI
STANCEONAHI
GHER
TI
MEFRAMELI
KEH1,
MAKEUSEOFTHERESI
STANCE(
SELLOPPORTUNI
TI
ES)ONTHE
SMALLERTI
MEFRAME.
5.SUPPORTANDRESI
STANCEWORKSPERFECTLYONM15,
WEUSEH1TOSPOTTHE
SUPPORTORRESI
STANCEZONESANDUSEM5ORM15FORQUI
CKERENTRI
ES
Wi
t
ht
hi
sy
ouhav
et
hepot
ent
i
al
ofmaki
ngmor
eaccur
at
eandsuccessf
ul
t
r
ades.
TRENDLI
NES
Tr
endl
i
nesar
eal
soonepower
f
ul
st
r
at
egi
cwayoft
r
adi
ngwi
t
hv
ol
at
i
l
i
t
y75i
ndex.I
t
’
st
hesame
scenar
i
oofsuppor
tandr
esi
st
ance.Theonl
ydi
f
f
er
encei
ssuppor
tandr
esi
st
ancemov
es
hor
i
zont
al
l
yorwepl
ott
hem hor
i
zont
al
l
ywhi
l
eTRENDLI
NESmov
eorar
epl
ot
t
eddi
agonal
l
y
.Thi
s
i
soneact
i
v
ewayt
ot
r
adewi
t
hv
i
x75becausev
i
x75i
ssai
dt
obeat
r
endymar
ket
.
Let
’
sl
ookathowt
opl
ott
r
endl
i
nes.I
nt
heexpl
anat
i
onIdi
dment
i
ont
haty
oupl
ott
r
endl
i
nes
whent
hemar
keti
st
r
endi
ngt
husmov
i
ngdi
agonal
l
ysoy
oul
ookf
ort
wocommonpoi
nt
sont
hat
t
r
endi
ngmar
ket
.
Let
’
sl
ookatt
hei
magebel
ow
Thi
swasamar
kett
hatwasmov
i
ngup,
i
twasmov
i
ngupwhi
l
er
et
r
aci
ng,
soPr
i
cer
al
l
i
edupand
t
hencamebackbuti
tcoul
dn’
tmeett
hesamepoi
ntwi
t
hori
nl
i
newi
t
ht
hesamef
i
r
stpoi
nt
,
now
t
hatbecomest
wopoi
nt
s,
sowhathappensi
st
haty
ouconnectt
hef
i
r
stpoi
ntandt
hesecond
poi
ntandt
henext
endt
het
r
endl
i
ne,
sowhathappensi
st
hati
fi
tmov
esupandcomesdownt
o
meeti
tf
ort
het
hi
r
dt
i
mei
ti
sl
i
kel
yt
omov
ebackup.Sof
ort
r
endl
i
ne,
y
ouneedatl
eastt
wo
poi
nt
st
obeabl
et
oexecut
ey
ourt
r
adeont
het
het
hi
r
dpoi
nt
.
Nowl
et
’
sl
ookatt
hei
mageabov
e.
Let
’
st
aket
hef
i
r
stpoi
nt
,
pr
i
cecamedownt
her
et
ocr
eat
epoi
ntA(
bl
uebox)
,
Theni
tr
al
l
i
edup
andcamedown,
buti
tcoul
dn’
tcomeatt
hesamepoi
ntaspoi
ntA,
soweconnectpoi
ntpoi
nt
A(
bl
uebox)t
opoi
ntB(
r
edbox)t
henwewai
tf
orpr
i
cet
omov
eupandcomedownt
obei
nl
i
ne
wi
t
hpoi
ntAandBj
ustast
hepi
ct
ur
eshowst
hegr
eenboxaspoi
ntC,
t
henoncepr
i
ceget
st
o
poi
ntCAwet
r
i
ggerourbuy
,
orwai
tf
orourr
ej
ect
i
oncandl
e,
andy
oucanseeahammercandl
e
ont
hel
i
ner
ej
ect
edgi
v
i
ngy
out
heconf
i
r
mat
i
oni
t
smov
i
ngup.Sooncei
thi
t
sf
ort
het
hi
r
dt
i
me
al
l
y
ouwi
l
l
doi
st
oBUYbecauset
hepsy
chol
ogyi
st
hati
twi
l
l
mov
eup.Nowwhenwewer
e
l
ooki
ngatsuppor
tandr
esi
st
ance,
wesai
dt
hatf
orsuppor
tandr
esi
st
ancet
hesecondt
ouches
orpr
i
ceorpoi
nthol
ds,
butf
ort
r
endl
i
nes,
weneedt
het
hi
r
dpr
i
ceorpoi
ntt
obeabl
et
oexecut
e
t
het
r
adet
hat
’
sy
ouwi
l
l
needt
wopoi
nt
sort
ouchest
obeabl
et
ot
aket
het
r
adeei
t
hersel
l
orbuy
LET’
STAKEANOTHEREXAMPLE
Thi
st
i
mel
et
’
suseanuppert
r
endl
i
neal
so
Sousi
ngt
hesamei
deaoft
hel
owert
r
endl
i
ne,
weuset
hesamei
deat
oconnectt
ot
heupper
t
r
endl
i
ne.Soaf
t
erpr
i
cehi
t
st
het
hi
r
dt
ouchweSELL.Remembert
hi
si
snotl
i
kesuppor
tand
r
esi
st
ancewhenwecanbuyorsel
l
ont
hesecondt
ouch.Fort
r
endl
i
nes,
y
ouneedt
hef
i
r
stand
t
hesecondpoi
nti
nabl
et
ot
r
i
ggery
oursel
l
orbuyont
het
hi
r
dt
ouch.
SUMMARY
Foruppert
r
endl
i
ne,
weSELLont
het
hi
r
dt
ouch
Forl
owert
r
endl
i
ne,
weBUYont
het
hi
r
dt
ouch
I
ti
snotgoodt
odr
awl
ongert
r
endl
i
nesont
i
mef
r
amessuchasm5andm15aspr
i
cewi
l
l
be
abl
et
openet
r
at
eandbr
eakt
hem easi
l
y
.I
ti
sal
way
sgoodt
oexecut
ey
ourt
r
adeonat
hi
r
dl
i
ne
af
t
ert
heTHI
RDTOUCHt
hat
’
saf
t
erspot
t
i
ngy
ourf
i
r
standsecondzonesont
het
r
endl
i
ne.
t
h
Any
t
hi
ngont
he4 t
ouchonsmal
l
ert
i
mef
r
ameofat
r
endl
i
nei
sl
i
kel
yt
obr
eak.
I
ti
sgoodt
odr
awt
hel
ongert
i
mef
r
amesort
r
adeont
he4tht
ouchi
ft
hedi
r
ect
i
onoft
hecur
r
ent
t
r
endi
ssuperst
r
ongorhasast
r
ongmoment
um ofcont
i
nui
ngt
hatt
r
end.
TRENDLI
NESWORKSONALLFRAMES,
USEH1UPWARDFORGENERALOUTLOOKANDM5OR
M15FORQUI
CKERENTRI
ESASIEXPLAI
NEDI
NHOW TODOWI
THSUPPORTAND
RESI
STANCE
RETESTLEVELSANDENTRI
ES
Ret
estconf
i
r
mst
hedi
r
ect
i
onofabr
eakoutt
omov
et
ot
heopposi
t
edi
r
ect
i
onaf
t
ert
hatsuppor
t
andr
esi
st
anceort
r
endl
i
nehasbeenbr
okenout
.
Nowl
et
’
sl
ookathowt
hi
sr
et
estent
r
i
eswor
k.
Ret
esthappensonl
yi
ft
her
ehasbeenabr
eakoutofasuppor
torar
esi
st
ance.Nowl
et
’
s
di
scusswi
t
ht
hei
magebel
ow.
Thi
smar
kethasbeenmov
i
ngi
nsuppor
tandr
esi
st
ancezonessol
et
’
spayat
t
ent
i
ont
ot
he
br
eakout
.Nowaf
t
eri
tbr
okeoutf
r
om t
hesuppor
tzone,
l
et
’
sl
ookcar
ef
ul
l
ywhathappenedaf
t
er
i
tgotbr
okenf
r
om t
hesuppor
tl
ev
el
.Af
t
eri
tgotbr
okenf
r
om t
hesuppor
tzoneandcamedowni
t
r
ev
er
sedandwentupagai
nbackt
ot
hebr
okensuppor
t
.Thati
swhati
scal
l
edt
heRETEST.I
ti
s
t
est
i
ngt
hatzonet
of
ur
t
herconf
i
r
mt
hatt
hesuppor
thasbeenbr
okenandi
t
sr
eal
l
ymov
i
ngdown.
Soaf
t
eri
tt
est
edt
hatzone,
i
twasr
ej
ect
edandsol
d,
y
oucoul
dseet
hatwasabear
i
shengul
f
i
ng
candl
eandf
ur
t
herwentdownt
osel
l
.Soy
ouwi
l
l
onl
ySELLaf
t
eri
thasr
et
est
edt
hatzoneand
hasbeenr
ej
ect
ed.
Sampl
e2
Pr
i
cebr
oket
her
esi
st
ancet
henr
ev
er
sedbackt
ot
estt
hatr
esi
st
ance,
y
oucoul
dseet
her
ej
ect
ed
candl
ewi
t
ht
hewi
ckt
el
l
i
ngy
out
her
et
estwassuccessf
ul
andpr
i
cei
sgoi
ngt
oshootupandwe
canseecl
ear
l
yi
twentupaf
t
ert
her
et
est
.It
her
ef
or
ewoul
dal
way
ssuggestt
hat
,
af
t
era
br
eakout
,
t
her
eshoul
dbear
et
estbef
or
eent
er
i
ngt
hemar
ketort
aki
nganyt
r
ade.Ent
er
i
ngt
he
mar
ketaggr
essi
v
el
yi
snotadv
i
sed,
al
way
swai
tf
ort
heoppor
t
uni
t
i
est
ocome.Thati
showt
he
mar
ketwor
ks.Al
way
swai
tf
ort
her
i
ghtoppor
t
uni
t
i
esot
hert
hanf
or
ci
ngt
hem.I
mmedi
at
el
yi
t
gotr
ej
ect
ed,
wequi
ckl
yBUY.
SI
MPLECHARTPATTERNS
Ther
ear
el
ot
sofchar
tpat
t
er
nsi
nt
hemar
ket
,
howev
erwewi
l
l
bespeci
f
i
cal
l
yl
ooki
ngatchar
t
pat
t
er
nst
hatwor
kspeci
f
i
cal
l
yonv
ol
at
i
l
i
t
y75i
ndex
.
1.Headandashoul
derPat
t
er
n
2.Doubl
eTop(
M pat
t
er
n)andDoubl
eBot
t
om(
W pat
t
er
n)
3.Tr
i
ppl
eTopandTr
i
ppl
eBot
t
om
4.Tr
i
angl
es
Wewi
l
l
el
abor
at
eeachoft
hem speci
f
i
cal
l
yanddet
ai
l
ed.
HEADANDSHOULDERSPATTERN
Taket
hehumanbodyf
orexampl
e.Pi
ct
ur
et
heheadofahumanwi
t
hi
t
sshoul
der
s,
y
ouwi
l
l
not
i
cet
hatt
heheadofahumanbodyi
sabov
et
heshoul
derandt
heshoul
der
sar
ei
nt
hesame
l
i
newi
t
heachot
herev
eni
fi
t
st
i
l
t
ed.Nowl
et
’
sseet
hepi
ct
ur
ebel
ow.
Looki
ngatt
hepat
t
er
nabov
e,
wehav
eourheadand
shoul
der
spat
t
er
n,
t
heRI
GHTSHOULDERandt
heLEFTSHOULDER,
l
ooki
ngatt
hei
magebel
ow
i
showwear
enami
ngi
tornamed.Thel
ef
tshoul
derandr
i
ghtshoul
der
.
Let
’
st
aket
hi
sscenar
i
o.Pr
i
cemov
edf
r
om asuppor
tupt
ocr
eat
eapoi
ntAandt
henmov
ed
downt
ot
hesuppor
tandr
al
l
i
edupagai
nt
opoi
ntA,
andbr
oket
her
esi
st
ancet
ocr
eat
eapoi
ntB
andcamedownont
hatsamesuppor
t
,
t
heni
twentupt
ocr
eat
eapoi
ntCandmov
edandt
hen
r
al
l
i
edbackupt
ot
hesuppor
t
,
t
hi
si
sapat
t
er
nt
el
l
i
ngust
hatmar
keti
sl
i
kel
yt
obr
eakt
he
suppor
tandmov
eddown.Thecommonsuppor
tonwhi
cht
hepr
i
cesr
ev
er
sei
scal
l
eda
NECKLI
NE.Wheny
out
akey
ourhumanbody
,
t
het
woshoul
der
sar
econnect
edt
ot
heneck.So
wear
eusi
ngt
hesamescenar
i
o.Unl
i
kecur
r
encypai
r
st
hatwesel
l
onl
yaf
t
erbr
eakout
,
wecan
sel
l
i
mmedi
at
el
yont
her
i
ghtshoul
derwheni
tcomest
ov
i
x75orwai
tt
i
l
l
i
tbr
eakst
heneckl
i
net
o
gi
v
ey
our
eal
conf
i
r
mat
i
onsoft
het
r
end.
Let
’
st
akear
eal
char
tanal
y
si
st
odev
i
set
heexpl
anat
i
on
Onesmar
tanal
y
t
i
csi
st
hatheadandshoul
der
swor
kv
er
ywel
l
onM1andM5
Nowl
ooki
ngatt
hi
schar
t
yYoucoul
dnot
i
cet
hepat
t
er
nandt
hebr
eakout
,
nowwat
cht
heent
r
y
l
ev
el
,
wher
eIhav
emar
kett
heshor
ty
el
l
owl
i
ne,
bel
owt
heneckl
i
ne,
whenpr
i
cebr
eakst
he
channel
,
i
tmustcl
osebel
owt
heneckl
i
neandi
tmustbebear
i
sh,
r
i
ghtaf
t
eri
tbr
eaksi
tand
cl
osesbear
i
shbel
owt
heneckl
i
ne,
y
ouwi
l
l
SELL.Unl
i
kecur
r
encypai
r
s,
af
t
ert
hebr
eakout
,
i
t
needst
or
et
estbackt
ot
heneckl
i
ne,
buti
nmostcasesofv
ol
at
i
l
i
t
y75,
i
tdoesnotr
et
est
,
af
t
eri
t
br
eaksal
l
y
oudoi
st
osel
l
andt
akey
ourpr
of
i
thasdesi
r
ed.
Let
’
st
akeanot
herexampl
e
Thi
si
sal
soheadandshoul
derbutani
nv
er
sef
or
m,
whenImeani
nv
er
sef
or
m,
Imeani
t
’
supsi
de
downunl
i
ket
hef
i
r
stone.Sowesawpr
i
cebr
eaki
ngt
hr
ought
heneckl
i
ne,
i
mmedi
at
el
yi
tbr
eaks
f
r
om t
heneckl
i
newecanBUY.Wi
t
hheadandshoul
der
s,
becausei
ti
sseenmost
l
yonm5and
m15,
y
ouhar
dl
yseer
et
estunl
i
kewheni
t
sseenonceawhi
l
eonhi
ghert
i
mef
r
ameswhi
chi
n
somecasesmi
ghtneedal
i
t
t
l
ebi
tofr
et
est
.Ther
ef
or
e,
i
mmedi
at
el
yi
tbr
eakf
r
om t
heneckl
i
ne,
y
ousel
l
orbuydependi
ngonhowi
thasbeenf
or
med.
DOUBLETOPSANDBOTTOMS(
THEM andW SHAPEPATTERN)
DOUBLETOP
Bynowaf
t
erget
t
i
ngt
ot
hi
spoi
ntwehav
eani
deaofhowsuppor
tandr
esi
st
ancewor
ks.
Doubl
eTopmeanst
wot
her
ef
or
ei
nt
hi
sscenar
i
owesi
mpl
yl
ookupoft
wor
esi
st
ancepoi
nt
sso
wesi
mpl
ySELLont
hesecondpoi
nt
.I
nt
hi
spat
t
er
n,
wear
el
ooki
ngf
ort
wocommonandcl
ose
r
esi
st
ancet
hatar
eont
hesamepoi
nti
nl
i
neoral
mosti
nl
i
ne.I
tdoesn’
tnecessar
i
l
ymeansi
t
shoul
dal
way
sbeaper
f
ectst
r
ai
ghtl
i
ne.
EXPLANATI
ON-Li
kewesai
dbef
or
e,
doubl
e
t
opi
smadeupt
woCLOSEr
esi
st
anceandI
’
m gl
adwecanspotr
esi
st
ancenow.Takenot
eof
t
het
er
m used.Twor
esi
st
ancet
hatar
ecl
oset
oeachot
her
.Wheny
ouspott
hi
spat
t
er
nandy
ou
seei
tf
al
l
i
ng,
wehav
et
obeawar
et
hati
twi
l
l
sel
l
massi
v
el
yandbr
eakt
heneckl
i
ne.Nowwecan
ent
ert
hi
st
r
adesi
nt
woway
s,
Fi
r
stofal
l
wecansel
l
i
mmedi
at
el
yont
hesecondt
opaf
t
eri
thas
beenr
ej
ect
ed.Wecanal
sosel
l
af
t
eri
tbr
eakst
heneckl
i
neandj
ustal
i
t
t
l
eormi
norr
et
est
.As
y
oucanseei
t
sl
i
keM.
Let
’
st
akeachar
tt
oexpl
ai
nf
ur
t
her
,
Wi
t
ht
hi
schar
t
,
Iwi
l
l
useasmal
l
erchar
tf
orabet
t
eranal
y
si
s
Sonowl
et
’
sl
ookatt
hechar
tabov
e,
t
her
edr
esi
st
ancewespot
t
edabov
e,
y
oucoul
dseehow
pr
i
cebr
oker
al
l
i
eddownaf
t
erf
or
mi
ngt
heM shapewi
t
hal
i
t
t
l
er
et
estIhav
ei
ndi
cat
edshaded
whi
t
e.SoIcoul
dent
ert
hi
st
r
adei
nt
woway
s.
1.Icansel
l
onceIspotar
ej
ect
edcandl
eandabear
i
shengul
f
i
ngcandl
eont
hesecond
r
esi
st
ance.
2.Icanal
sosel
l
af
t
eri
tbr
eakst
heneckl
i
nei
mmedi
at
el
yorwai
tf
ori
tt
or
et
estal
i
t
t
l
e.
DOUBLEBOTTOM (
THEW SHAPE)
Doubl
ebot
t
om i
sj
ustt
hei
nv
er
seofdoubl
et
op.Theonl
ydi
f
f
er
encei
st
hi
si
saW shape.Apar
t
f
r
om t
hat
,
t
heyper
f
or
mt
hesamef
unct
i
on.
Nowwi
t
ht
hi
s,
y
oul
ookf
ort
wocl
osesuppor
tar
east
ot
r
i
ggerabuy
.
Nowl
et
’
sl
ookatt
hechar
tcar
ef
ul
l
y
,
af
t
erspot
t
i
ngt
her
ej
ect
edcandl
ef
ol
l
owedbyabul
l
i
sh
engul
f
i
ngcandl
e,
Iwi
l
l
i
mmedi
at
el
yBUYont
hesecondpoi
ntoft
hesup[
or
tORwecanwai
tf
or
pr
i
cet
ogett
ot
heneckl
i
ne,
br
eaki
tandcl
oseabov
et
heneckl
i
nef
orust
oent
erourBUY
i
mmedi
at
el
y
.
Let
’
sl
ookatt
hi
si
mageal
so
Byl
ooki
ngatt
hechar
tabov
e,
wecoul
dexpl
ai
nwhatact
ual
l
yhappenedusi
ngt
hesamescenar
i
o.
YouBUYi
mmedi
at
el
yont
hesecondsuppor
torwai
tf
orpr
i
cet
obr
eakt
heneckl
i
ne.
SUMMARY
I
ndoubl
et
opsandbot
t
oms,
i
t
’
sgoodt
ot
r
adei
nal
l
f
r
ames,
i
ti
sal
way
scl
earonh1t
i
mef
r
ame,
f
ort
i
mef
r
amesl
i
keM5andM15,
mostatt
i
mepr
i
cedoesnotgett
ot
hesecondt
ouchsoi
t
’
s
goodt
oexecut
et
het
r
adeaf
t
eri
tbr
eakst
het
r
endl
i
ne.
I
naddi
t
i
ont
ot
hi
s,
wat
chorf
orf
akeout
sont
heneckl
i
ne,
now,
t
ot
hecompl
et
et
heM pat
t
er
n,
i
t
mustbr
eakt
heneckl
i
neandmov
eupwar
dbutoncei
tget
st
ot
heneckl
i
ne,
t
hemar
ketbehav
es
i
nsuchawayt
hati
twi
l
l
ber
ej
ect
edandmov
edown,
i
t
’
sasi
mpl
ef
akeout
,
i
tr
et
r
acesal
i
t
t
l
eand
f
ur
t
hermov
eupwar
d
TRI
PPLETOPANDTRI
PPLEBOTTOM
Justl
i
kewesawdoubl
emeans2sowel
ookedf
ort
wocommonr
esi
st
ance.I
nt
hi
scase,
wear
e
deal
i
ngwi
t
ht
r
i
pl
et
ops.Tr
i
pl
easwegener
al
l
yknowmeans3t
her
ef
or
ei
nt
hi
scase,
wear
e
l
ooki
ngf
or3commonr
esi
st
ancepoi
nt
sofpr
i
ce.Meanst
hatwear
el
ooki
ngf
or3t
ouchesona
r
esi
st
ance.
Looki
ngatt
hei
mageabov
ewehadt
hr
eet
ouchesont
her
esi
st
ancet
hatpr
i
cet
ouched,
sowe
wai
tf
ort
hebr
eakoutont
hesuppor
tl
ev
el
af
t
ert
het
oucht
hi
r
dont
her
esi
st
ance.I
ti
snotgood
t
ot
r
adeont
het
hi
r
dr
esi
st
anceorsel
l
ont
hatpoi
nt
,
r
ememberwhenwewer
edi
scussi
ngon
suppor
tandr
esi
st
ance,
Idi
dsayi
t
’
sgoodt
ot
r
adeont
he2ndt
ouch,
Sooncewespott
hi
ski
ndof
pat
t
er
n,
wewai
tf
orpr
i
cet
obr
eakt
hesuppor
tandRETEST,
bef
or
ewesel
l
.I
nt
hi
sPat
t
er
noft
he
t
r
i
pl
et
op,
t
heRETESTi
sv
er
yi
mpor
t
ant
.
Let
’
sanal
y
zet
hechar
tbel
ow
Looki
ngatt
hechar
tabov
e,
wehad3commont
ouchesont
her
esi
st
ancel
ev
el
t
el
l
i
ngust
hat
wasat
r
i
pl
et
opt
her
ef
or
et
her
emi
ghtbeabr
eakoutont
hesuppor
t
.Rememberi
t
’
snotgoodt
o
sel
l
ont
het
hi
r
dt
ouch.Youal
way
ssel
l
af
t
erbr
eakoutoft
heneckl
i
neandr
et
est
,
wecanseea
cl
earr
et
estont
hey
el
l
owboxaf
t
ert
hebr
eakout
.Af
t
ert
hatr
et
estandweseeapi
nbarcandl
e
r
ej
ect
i
onandacandl
esuchasabear
i
shengul
f
i
ngcandl
e,
wesel
l
i
mmedi
at
el
y
.Wecoul
dsee
howpr
i
cer
al
l
i
eddownaf
t
ert
her
et
estandwasr
ej
ect
ed.
TRI
PPLEBOTTOM
Justl
i
kewesawdoubl
emeans2sowel
ookedf
ortcommonsuppor
tar
eas.I
nt
hi
scase,
wear
e
deal
i
ngwi
t
ht
r
i
pl
ebot
t
oms.Tr
i
pl
easwegener
al
l
yknowmeans3t
her
ef
or
ei
nt
hi
scase,
wear
e
l
ooki
ngf
or3commonsuppor
t
spoi
nt
sofpr
i
ce.Meanst
hatwear
el
ooki
ngf
or3t
ouchesona
suppor
t
.
Looki
ngatt
hi
spi
ct
ur
e,
wecoul
dseet
hat
,
wi
t
ht
r
i
pl
ebot
t
oms,
wear
eexpect
i
ngabr
eakout
abov
e.
Let
’
st
akear
eal
char
tandanal
y
ze.
Lookatt
hechar
tbel
ow,
wehad3t
ouchesont
hesuppor
tandwecoul
dseeaf
t
ert
hebr
eakout
,
pr
i
cer
et
est
edbef
or
ei
tf
i
nal
l
ywentup.Af
t
ert
her
et
est
,
weBUYandpl
aceouror
der
.
WHATMAKESABREAKOUTVALI
D?
1.I
fi
t
’
sabr
eaksoutabov
eorar
esi
st
ance,
t
hecandl
emustbebul
l
i
shandmustcl
osea
l
i
t
t
l
ef
ar
t
herabov
et
her
esi
st
ance.Af
t
ert
hecl
ose,
l
eti
tr
et
estonbackont
hatr
esi
st
ance
andr
ej
ect
edont
hatl
ev
el
t
hatwi
l
l
conf
i
r
mt
hebr
eakoutr
esi
st
ance.
2.I
fi
t
’
sabr
eaksoutbel
oworasuppor
t
,
t
hecandl
emustbebear
i
shandmustcl
oseal
i
t
t
l
e
f
ar
t
herbel
owt
hesuppor
t
.Af
t
ert
hecl
ose,
l
eti
tr
et
estonbackont
hatsuppor
tandget
r
ej
ect
edont
hatl
ev
el
t
hatwi
l
l
conf
i
r
mt
hebr
eakoutoft
hesuppor
t
.
TRI
ANGLES
Ther
eaedi
f
f
er
entf
or
msoft
r
i
angl
est
r
adedi
nt
hegener
al
mar
ket
.Howev
erwewi
l
l
bel
ooki
ngat
t
wospeci
f
i
ct
r
i
angl
est
hatwor
konv
ol
at
i
l
i
t
y75i
ndex
.
1.DESCENDI
NGTRI
ANGL
Descendi
ngt
r
i
angl
esar
et
r
i
angl
est
hathasasuppor
tpoi
nt
sofcandl
esconnect
edt
oat
r
endl
i
ne
t
ocr
eat
epat
t
er
n.Let
’
sseet
hei
magebel
ow
Looki
ngatt
hei
mageabov
e,
Iguesswehav
eani
deaofhowi
tl
ooksnow,
nowweknowhowt
o
dr
awsuppor
tl
i
ne,
sowel
ookf
orsev
er
al
poi
nt
sort
ouchesofasuppor
tt
henwel
ookf
or
commont
ouchesofanuppert
r
endl
i
net
hati
scl
oset
ot
hesuppor
tf
orust
oj
oi
nt
hi
sl
i
nest
oget
ourpat
t
er
n.
Let
’
sanal
y
zet
hechar
tabov
e,
wehadasuppor
tandat
r
endl
i
neaswesawi
nt
hechar
t
,
Now
af
t
erspot
t
i
ngt
hi
spoi
nt
s,
i
tdoesdoesnotmat
t
ert
henumberoft
ouches.Wear
emor
e
i
nt
er
est
edi
nt
hebr
eakoutandnextmov
e.
Anot
heri
mpor
t
antt
hi
ngt
oal
sonot
ei
st
hi
s,
wear
esay
i
ngt
hepat
t
er
ni
scal
l
edadescendi
ng
t
r
i
angl
eandany
t
hi
ngdescendi
ngmeansgoi
ngdown,
t
her
ef
or
et
hepat
t
er
ni
scommuni
cat
i
ont
o
ust
hatt
her
ewoul
dbeabr
eakoutbel
owandnotabov
esowewi
l
l
bel
ooki
ngf
ormor
e
br
eakout
sont
hesuppor
tl
ev
el
.Af
t
erabr
eakoutoft
hesuppor
t
,
t
hepat
t
er
nneedsar
et
estof
t
hesuppor
tl
ev
el
af
t
ert
hebr
eakout
.Remembert
hi
si
sapat
t
er
nandt
her
ef
or
ear
et
esti
s
needed.Af
t
erar
et
esthasbeenmadeandr
ej
ect
ed,
wecanpl
aceourSELL.Ther
ear
esi
t
uat
i
ons
wher
et
hepr
i
cewi
l
l
br
eakabov
ef
orabuy
,
Iwoul
dl
i
ket
our
gey
ounott
oexecut
esucht
r
adeas
abuyi
ncaseofsuchoccur
r
ence.Wear
emor
ei
nt
er
est
edi
nt
hebr
eakoutbel
owf
oraSELL.
ASCENDI
NGTRAI
NGLE
Descendi
ngt
r
i
angl
esar
et
r
i
angl
est
hatal
sohasaconnect
edr
esi
st
anceandal
owert
r
endl
i
ne.
Gett
hedi
f
f
er
ence.Ascendi
ngt
r
i
angl
ehasaRESI
STANCEandal
owert
r
endl
i
newhi
l
ea
Descendi
ngt
r
i
angl
ehasaSUPPORTandanuppert
r
endl
i
ne.Let
’
smov
eonwi
t
hascendi
ng
t
r
i
angl
e.I
nt
hi
spat
t
er
n,
weconnectt
hepoi
nt
sofar
esi
st
anceandat
r
endl
i
net
hatar
eal
socl
ose
t
oeachot
her
.Let
’
swat
cht
hei
magebel
ow
Looki
ngatt
hei
mageabov
ewecoul
dnot
ei
thasal
owert
r
endl
i
neandar
esi
st
ance.
Let
’
sanal
y
zeachar
t
Looki
ngatt
hepat
t
er
n,
y
oucoul
dseet
hebl
ueboxasourr
esi
st
ancezonesandt
hel
owert
r
end
l
i
newi
t
hourpoi
nt
sorzones(
r
edbox)
.
Let
’
sseehowt
ot
r
adet
hi
saf
t
erconnect
i
ngt
hepat
t
er
norspot
t
i
ngt
hem.Remembert
he
numberoft
ouchesdoesnotmat
t
er
.Wear
ei
nt
er
est
edi
nt
hebr
eakoutt
omakeanent
r
y
.Ast
he
namesounds,
ascendi
ngwhi
chmeanssomet
hi
ngwhi
chmov
esup,
t
her
ef
or
ewear
ei
nt
er
est
ed
i
nabr
eakoutabov
ef
oraBUY.Ther
ef
or
eaf
t
ersev
er
al
t
ouchesandt
her
ei
sabr
eakout
,
wewai
t
f
orar
et
estbackt
ot
her
esi
st
ancel
i
neandgetr
ej
ect
edbyapi
nbar
,
t
henwepl
aceourBUYor
der
,
JustasIst
at
edabov
e,
i
nsomeoccur
r
encesi
tmaybr
eakbel
owi
nst
eadofabov
ehowev
erIwi
l
l
ur
gey
out
ol
ookf
ormor
ebr
eakout
sabov
er
at
hert
hanbel
ow.
Tr
adi
ngChar
tPat
t
er
nsar
eal
soef
f
ect
i
v
eandv
i
si
bl
eont
heM5andM15t
i
mef
r
ame.Al
way
s
wai
tf
orabr
eakoutandar
et
estbef
or
emaki
nganent
r
y
.
FI
BONACCIRETRACEMENTTOOL
Themar
keti
sf
ul
l
ofupsanddownscommonl
yknownasr
et
r
acement
s.Ret
r
acement
sar
e
boundt
ohappenandi
t
’
swhatdi
f
f
er
ent
i
at
eanemot
i
onal
t
r
aderandapat
i
entt
r
ader
.Wheny
ou
seeamar
ketmov
i
ng,
t
hemar
ketdoesnotmov
ei
nt
hesamedi
r
ect
i
on.I
tf
l
uct
uat
esandmov
es
wi
t
hr
et
r
acement
sbecausei
ti
smadeupofbot
hbul
l
sandbear
s.(
Sel
l
er
sandbuy
er
s.
)Thi
si
sa
f
or
ext
em.Theybuy
er
si
nt
hemar
ketar
ecal
l
edbear
swhi
l
et
hesel
l
er
sar
ecal
l
edbear
s.Mov
i
ng
ont
ot
heFi
bonacci
t
ool
,
weuseFi
bonacci
t
ool
af
t
erazonesuchasasuppor
tandr
esi
st
ance
hasbeencr
eat
edandt
henpr
i
cebouncesoft
hatzone.Youwoul
dnot
i
cet
hat
,
any
t
i
mepr
i
ce
get
st
oasuppor
torar
esi
st
ancezoneandi
tbounces,
i
tgoesordownal
i
t
t
l
ebef
or
econt
i
nui
ng
t
het
r
end.Fi
bonacci
i
smadeupofsomei
mpor
t
antnumber
s,
t
hesenumberser
v
eassuppor
t
andr
esi
st
ancear
easwher
epr
i
cet
ur
nst
or
ev
er
seaf
t
erget
t
i
ngt
ot
hosepoi
nt
s.Thenumber
sar
e
23.
6,
38.
2,
50.
0and61.
8.Wewi
l
l
l
ookatt
hespeci
f
i
cnumber
st
hatwor
konv
i
x75whi
chi
st
he
Fi
bonacci
50.
0and61.
8.Nowi
tact
ual
l
yhel
psy
out
oent
erat
r
adewheny
ouar
el
at
ebecause
y
ouknowt
hati
nt
hemar
ketr
et
r
acement
sar
eboundt
ohappen.
Howt
oaddFi
bonacci
t
ool
.
1.Sel
ectt
hei
conwher
ey
ouhav
ey
ourt
ool
s,
wher
ewenor
mal
l
ysel
ectt
hel
i
nest
omar
kup
ourchar
t
s.
2.Sel
ectt
he+si
gnandl
ookf
orFi
bonacci
r
et
r
acementandsel
ecti
t
.
Let
’
sanal
y
zeachar
tt
osi
mpl
i
f
yt
hi
s
Looki
ngatt
hechar
tabov
e,
wecanseet
hatpr
i
cewasonar
esi
st
ancel
ev
el
.Nowwhathappens
i
st
hataf
t
erpr
i
cehi
t
st
her
esi
st
anceandr
al
l
i
esdown,
i
ti
sl
i
kel
yt
or
ev
er
sebackbef
or
ei
t
cont
i
nuest
het
r
endsowhaty
ouwi
l
l
i
st
hat
,
i
mmedi
at
el
yy
ouseei
tr
ev
er
si
ngbackorr
et
r
aci
ng,
t
akey
ourFi
bonacci
r
et
r
acementt
ool
anddr
awf
r
om wher
et
hepr
i
cet
ouchesont
her
esi
st
ance
andst
ar
t
edf
al
l
i
ng,
andconnecti
tt
owher
epr
i
cest
ar
t
edr
ev
er
si
ng,
nowwat
cht
hel
ongbl
uel
i
ne,
t
hatwaswher
epr
i
cer
ev
er
sedf
r
om t
her
esi
st
ancezone,
sowhatwedoi
s,
wedr
awt
he
Fi
bonacci
f
r
om t
her
esi
st
ancet
ot
hezonet
hepr
i
cer
ev
er
sed.
TakeNot
e-Youdr
awf
r
om upt
odownandnotdownt
oup.
Af
t
erdr
awi
ngy
ourFi
bonacci
l
ev
el
,
wewai
tf
orpr
i
cet
ot
oucht
wooft
hemosti
mpor
t
ant
Fi
bonacci
l
ev
el
s,
f
i
b61.
8and50.
0af
t
erwhi
chwel
ookf
orpi
nbarf
r
om anyoft
het
wozonest
o
getr
ej
ect
ed.Looki
ngatt
hechar
tabov
e,
y
ouwoul
dnot
i
cet
hatt
her
ewasapi
nbaronl
ev
el
61.
8
andgotr
ej
ect
edaf
t
erwhi
chpr
i
cer
ev
er
sedf
r
om t
hatzoneandmov
ebackdown.
Let
’
sanal
y
zeanot
herchar
t
Looki
ngatt
hesuppor
tl
ev
el
,
wesawt
hepr
i
cegoi
ngupf
r
om t
hesuppor
tl
ev
el
af
t
ergoi
ngup,
we
coul
dnot
i
cei
tr
et
r
acedandst
ar
t
edf
al
l
i
ng,
sowet
akeourFi
bonacci
l
ev
el
anddr
awf
r
om t
he
suppor
tl
ev
el
t
owher
et
hepr
i
cest
ar
t
edr
ev
er
si
ng.Nowwecoul
dseeapi
nbaront
hef
i
b50.
0
l
ev
el
andpr
i
cer
ev
er
sedbackt
ocont
i
nuemov
i
ngup.WeuseFi
bonacci
whent
hegener
al
t
r
end
oft
hemar
keti
sst
r
ongandal
ongt
hemov
ement
,
i
tr
et
r
acesi
nandoutal
ongt
hemov
ement
,
i
t
s
bestt
ouset
heFi
bonacci
l
ev
el
,
mostatt
i
meswesaybadent
r
yi
snotgood.Yesi
t
’
snot
,
howev
er
t
heFi
bonacci
t
ool
i
sgoodf
ort
heent
r
yoft
hesel
at
eent
r
i
es.
Nowt
aket
hedi
f
f
er
encebet
weent
het
wo
Whendr
awi
ngFi
bonacci
onuppert
r
end,
y
oudr
awf
r
om t
hesuppor
tt
ot
hepoi
ntofr
ev
er
sal
(
downt
ot
het
op-suppor
tt
ot
hepoi
ntofr
ev
er
sal
)
Whendr
awi
ngFi
bonacci
onal
owert
r
end,
y
oudr
awf
r
om t
her
esi
st
ancet
ot
hepoi
ntofr
ev
er
sal
(
Topt
odownResi
st
ancet
ot
hepoi
ntofr
ev
er
sal
)
.
PI
NBARS
ThePi
nbari
sav
er
yi
mpor
t
antcandl
et
hatusesl
ot
sofpr
i
cet
oconf
i
r
mt
her
ev
er
sal
oft
r
end.
Ther
ear
et
wopi
nbar
s.
Bul
l
i
shpi
nbar
sandbear
i
shpi
nbar
s
Let
’
sr
ef
ert
oachar
t
Bul
l
i
shandbear
i
shpi
nbar
sar
est
r
ongr
ev
er
sal
candl
es.I
ti
smadeupofashor
tbodywi
t
h
l
ongerwi
cks.Wheny
ouseeabul
l
i
shpi
nbaronasuppor
t
,
i
tmeanspr
i
cei
sl
i
kel
yt
or
ev
er
seand
BUYsowhathappensi
st
haty
oucoul
dbuyaf
t
ery
ouseeabul
l
i
shpi
nbarr
ej
ect
edont
he
suppor
t
.
Bul
l
i
shpi
nbar
shappensoroccur
sonasuppor
tl
ev
el
orl
owert
r
endl
i
neandt
heysi
gni
f
yt
hat
pr
i
cei
sl
i
kel
yt
or
ev
er
sef
orabuywhenwespoti
t
.Soi
mmedi
at
el
yweseesuchcandl
eont
he
suppor
tl
ev
el
webuy
.Howev
er
,
t
hi
st
wocandl
escansomet
i
mesoccurei
t
heront
hesuppor
tor
r
esi
st
ancel
ev
el
butt
hebot
hper
f
or
mt
hesamef
unct
i
ont
el
l
i
ngust
hatmar
keti
sl
i
kel
yt
or
ev
er
se.
Looki
ngatt
hei
mageabov
e,
wecoul
dseeabul
l
i
shpi
nbaront
hesuppor
tl
i
ne,
weknowt
hat
whenwear
eonasuppor
tl
i
ne,
wewoul
dbuy
,
howev
ert
hebul
l
i
shpi
nbarwoul
dgi
v
eusanext
r
a
conf
i
r
mat
i
ont
hatpr
i
cewoul
dact
ual
l
ybuysoi
mmedi
at
el
yweputupourBUYor
der
.
Let
’
sr
ef
ert
oanot
herchar
t
Thi
si
sal
soat
r
endl
i
ne,
wecoul
dal
soseesev
er
al
pi
nbar
sr
ej
ect
edont
het
r
endl
i
neconf
i
r
mi
ng
t
hatt
hemar
ketorpr
i
cei
sact
ual
l
ypushi
ngupsoaf
t
ersuchcandl
e,
wecaneasi
l
ypl
aceourbuy
or
der
.
BEARI
SHPI
NBARS
Thi
sar
eal
sopi
nbar
st
hathappenont
her
esi
st
ancel
i
neandi
ndi
cat
est
hatpr
i
cei
sl
i
kel
yt
of
al
l
.
Taki
ngt
hei
mageabov
e,
y
oucoul
dseeabear
i
shpi
nbaront
her
esi
st
ance,
sowecoul
d
i
mmedi
at
el
ySELLoncewespott
hecandl
eont
her
esi
st
ancet
el
l
i
nguspr
i
cewoul
df
al
l
.
Sampl
e2
Wecoul
dal
soseeabear
i
shpi
nbaront
heupperr
esi
st
ancel
i
nei
ndi
cat
i
ngpr
i
cewoul
df
al
l
.
Rememberpi
nbar
smayoccurbot
honasuppor
torar
esi
st
ance,
oncey
ouspott
hi
scandl
eson
t
hesuppor
torr
esi
st
ance,
onemustknowt
hatr
ev
er
sal
i
sl
i
kel
yt
ooccur
.
I
MPORTANTTI
PSONVI
X75I
NDEX
1.RETESTi
sal
way
sandv
er
ynecessar
yi
nCHARTPATTERNSBREAKOUTS
2.Thi
r
dt
ouchesonResi
st
anceandsuppor
tl
i
nesar
el
i
kel
yt
obr
eak.
3.Secondt
ouchesonar
esi
st
anceandasuppor
thol
dv
er
yof
t
en.
4.Dur
i
ngconsol
i
dat
i
onsi
ti
sal
way
sgoodt
oent
ert
hemar
ketaf
t
erbr
eakout
swi
t
houtany
r
et
est
.Af
t
eraconsol
i
dat
i
onbr
eakout
,
t
hemar
ketmov
eswi
t
hmassi
v
epi
ps
5.I
ti
sgoodt
ot
r
adesuppor
tandr
esi
st
anceonM15becauset
her
ewi
l
l
bemor
eoft
hi
s
l
ev
el
si
nt
hemar
ketwhi
l
ey
ouuset
i
mef
r
amesl
i
keh1andh4f
ort
heupperhandoft
he
posi
t
i
onoft
hemar
ket
.
6.Char
tpat
t
er
nsar
ev
i
si
bl
yseenonM5andM15
7.Whenev
ert
her
ear
epi
nbar
sonasuppor
torr
esi
st
ance,
mar
ketusual
l
yr
ev
er
ses.
8.Dur
i
ngweekends,
mani
pul
at
i
onsal
way
shappenandi
t
’
sadv
i
sabl
et
oonl
yexecut
ea
t
r
adewhent
hemar
kethasacl
ear
erdi
r
ect
i
on.
9.Mostof
t
en,
any
t
i
mepr
i
ceget
sunt
oazone,
i
tconsol
i
dat
esf
orawhi
l
ebef
or
ei
tmov
es,
t
hi
sact
ual
l
yi
sal
soani
mpor
t
antt
i
pt
hatpr
i
cewoul
dmov
ef
r
om t
hatsuppor
tor
r
esi
st
ancezone.
10.Don’
tf
or
cet
r
ades.Lett
heoppor
t
uni
t
i
escomet
oexecut
et
het
r
ade.
SUMMARY
Onemaysaywhi
chst
r
at
egywor
ksv
er
ywel
l
onv
i
x75i
ndex,
It
ookmyt
i
met
oexpl
ai
nf
i
v
e
power
f
ul
st
r
at
egi
est
hatshowsupal
ongt
hemar
ket
.Amongt
hest
r
at
egi
esshownwi
t
ht
hei
r
t
echni
quesaseachoft
hest
r
at
egi
eswor
ki
ndependent
l
yont
hei
rown,
at
r
adermaychooset
o;
1.Tr
adesuppor
tandr
esi
st
anceonl
y
2.Anot
hert
r
adermi
ghtal
sochooset
ot
r
adeonl
ychannel
br
eakout
s
3.Ot
her
smayal
sochooset
ot
r
adet
r
i
angl
esandr
et
estl
ev
el
sonl
y
…et
c
Butsi
ncet
hemar
ketdoesnotmov
ei
nonl
ysuppor
tandr
esi
st
anceonl
yort
r
i
angl
esonl
yor
br
eakout
sonl
y
,
i
ti
sgoodt
ol
ear
nal
l
andhar
moni
zet
hem becauseatonepoi
ntort
heot
herwe
woul
dcomeacr
osseachoft
hest
r
at
egyexpl
ai
ned,
howev
eronemayal
sost
i
ckt
oonest
r
at
egy
andper
f
ecti
t
.
Iwi
sht
hi
sbookhasi
mpact
edgr
eat
l
yony
ourknowl
edgeandi
mpor
t
antt
i
psi
nt
r
adi
ngv
i
x75and
maki
nganyr
eaderapr
of
i
t
abl
et
r
aderaf
t
err
eadi
ngt
hi
sbook.
Tel
egr
am Channel
-ht
t
ps:
/
/
t
.
me/
j
oi
nchat
/
AAAAAFKbg1zYpPcORT2PEQ
Admi
n’
st
el
egr
am name/
Wr
i
t
er-ht
t
ps:
/
/
t
.
me/
Adj
ei
t
r
ades