weekend charting, page-63

Hi apirate,

You got my attention.

I have been to Sunshine coast this weekend, beautiful,
and currently looking in the mirror.

Well done Rob for helping the interested.


The idea of being in a winning position and wondering.
A beautiful feeling.
But it asks many questions.

What type of trade?
Timeframe?
Risk?

I have prepared some charts. Simple candlestick and lines.
After some ichimoku.

As a disclaimer, I trade mostly forex with indicies and
commodities. I have bought 5 stocks in my life and sold half
of one. I had 66 trades last month and lost.

EHL 1 hour

Higher low. Lines of support.



From there we look at daily support.



In the weekly we look at major support and now resistance.
the last high is not the answer you seek.
Look to old highs and lows.




So we go to the monthly.

Old highs and lows. Carving out a right shoulder.



Now some ichimoku.

Daily is breaking my rules. Speeding ticket.
Does alot of good but a test a support sometime.



The weekly has punched into the cloud with support.
Next resistance at .66 then maybe test .76
Then .94 if bullish




Ultimately, the bull run has reintroduced the monthly chart.
A flat blue is always a target.