forker

TWX - Finding the reversal areas

NYSE:TWX   TIME WARNER INC NEW
There is always much to learn.

Something I have learned very important from Shane was, to observe what's going on, how price behave and what it does where. Lot's of questions to ask.

I drew the two narrow resistance lines about 1 month ago, just to observe once more, how price will react on them.
Isn't it amazing?

To catch such zones, one may ask the chart:
- where is something important?
- what did it to the old structures?
- context?
- did it break hard, slow and where is the close?

...of course, there is much more you can ask the chart to find out more.

And if the people around you think you are going nuts, then you know that you are in the perfect synch with the market by talking to it to gather important information. ;-)

P!

- no, I did not tradet it blindly. But now i have a handle to trade it...let's observe.
Comment: Check it out, how the market did and where it has resistance now...

P!
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