The concept of Action and Reaction Lines is not frequently used by traders. If you browse through the Technical Analysis literature you can see that this topic has seldom been addressed. The first person to mention it was Roger Babson, followed by Dr Alan Andrews. Both of them made use of this particular technique with huge success, making profits of millions of...
OANDA:CADJPY facing strong resistance at the shown level and a reversal expected. confluence of several trend lines and horizontal barriers has created a probable short opportunity imho. We need to wait for price action to confirm this idea or not. Good luck
US dollar index is currently sitting on a major falling trend line and in my opinion there are two paths ahead: - The Blue Arrow : Bulls gain control and move the index to the red rectangle. - The Red Arrow : Bears breaks this trend line and price falls to the green rectangle. Good luck!
Hey fellas. There is a confluence of structural resistances on the zone shown on the chart and i think it's highly probable that we'll see a reversal at this price zone. Good luck everyone!
This analysis is based on principles and ideas introduced by Dr. Alan H. Andrews and all credits go to his soul! hope you will find it useful.
I did a simple and quick analysis on bitcoin based on action/reaction & trend analysis and a little numerology.
In this video i tried to show you how to use trend analysis and principle of action/reaction. hope you find it useful.
A little more analysis to elaborate my previous idea . In my opinion it's unlikely that bitcoin can break this strong resistance zone so i'm turning bearish for now.
Bitcoin facing a strong dynamic resistance now and there are 2 levels as shown on the chart. potential trades can be taken based on breaking of each of these horizontal barriers. good luck everyone!
Hey! Just did a quick trend analysis and wanted to share with you! I think the red zone shown on the chart will be a support and maybe a potential long opportunity. Good luck!
Hey guys! On the chart I've tried to determine major support and resistance levels for the index. please be advised that there is a strong resistance in the 4970-4971 zone. Good luck.
A Simple Idea and analysis. DXY is in a down trend and it may continue this direction. Thank you.
Hello friend! in my opinion there is a high probability that sugar will bounce up from this zone. chart is a little messy i know. Good luck & DYOR!
Silver price is in a very important zone. there is a strong resistance in this zone and if price can't penetrate 24.9 - 25$ zone and close clearly above it there is a high probability that price will experience correction.
a quick and simple analysis on this pair shows a potential buying opportunity.
If price can not penetrate this zone and close above it, there may be a pretty reversal coming. hope you enjoy trading & make money!
Some Chart Playing on Dow Jones ! It seems a correction is highly probable.
Hello Friends! Just did a simple and basic analysis on this pair and wanted to share with you. all the best!