A valid trend line should be touched at least three times

23 ก.พ. 2021

John Murph's book: A valid trend line should be touched at least three times.

25 ก.พ. 2021

บันทึก

Around 50 points from the 3ed touch of the trend line, John Murph's book. will it hold we shall see.

26 ก.พ. 2021

บันทึก

3772 is a possible touch down area for the 3ed time on this lower line of the

channel. John Murphy's says that touching it for the 3ed time shows it is a valid

support line , well today or Monday is the day to see.

27 ก.พ. 2021

บันทึก

Our touch down area has increased due to to angle of the channel. Now it stands

roughly at 3778. 6 points shy of it, no matter what happens on Monday we came

a long way to come and not touch it to say the least. Touching previous low @

3694.12 January 29, 2021 could be a false bearish break out " Bear's trap".

Breaking 3694 and staying below it for more than 3 days Murphy's would argue

that there is a change in the main trend. New lines and channels need to be

drawn.

4 มี.ค. 2021

บันทึก

Getting close for a third touch.

4 มี.ค. 2021

บันทึก

Touch down achieved, Two options:

1/ We bounce back our next target is the upper line of the channel, which increase by time.

2/ We break out bearishly from the channel our legitimate 101 channel targets is :

A- The second touch of the channels @ " 3231 "
B- Breaking that, would lead us to our second target which is "691" points from
the break out =3105

4 มี.ค. 2021

บันทึก

We broke the trend line need couple of days underneath it to confirm the bearish break out a possible retest of the broken channel if not and we tank then:

A- The second touch of the channels @ " 3231 "
B- Breaking that, would lead us to our second target which is "691" points from
the break out =3105

9 มี.ค. 2021

บันทึก

The channel still holding strongly so far ,we shall what happen today.

10 มี.ค. 2021

บันทึก

3 Days so far above the channel's line, John Murphy's book, it is a valid bull move !!!

11 มี.ค. 2021

บันทึก

As of today, March 11 , 2021 with all else equal "4523" should be the next minimum target for this big channel since March's low. It is strong, legitimate, and quite bullish. Murphy's book Do not fight the trend, trade it till proven otherwise that's
pretty much summed his idea about trends. Therefore, unless we break this
channel look upward for 700 points move in coming month/weeks.

24 มี.ค. 2021

บันทึก

Still holding .