Price Action educational post - part 1Examples of effectively using Bollinger Bands together with candlestick methodology.
Price-action-candlestick
BEARISH EURUSD 15 Min. Gartley completion in kill zoneNov 2 2015: BEARISH EURUSD 15 Min. Gartley completion in kill zone
(Analysis Based on 15 min chart)
Observations
1. Long term down trend
2. Price at resistance
3. 15Min RSI overbought at swing high
4. Bearish gartley completing in kill zone
NOTE: Wait for price action to confirm the importance of these levels.
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Nov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play outNov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play out
(Analysis Based on Daily charts)
Criteria
1. Up trend on the Daily chart
2. Price at daily Support level
3. RSI hidden divergence
4. Gartley pattern terminating slightly below channel lows
NOTE: Wait for price action to confirm the importance of these levels.
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