Yesterday I posted a 3 period daily dynamics chart and have added a few circles. The chart includes last nights session but not today which is the same bar as last night.
The yellow circles show how in fast moves the purple midline is sup/res. So we need to break that above as any first step to stop the current slide.
The red circles show how a close outside the upper or lower boundaries means the next will be back inside.
Yes, the exception to the rule is where I have the blue circle.
tangrams tuesday, page-51
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Last
8,428.9 |
Change
128.700(1.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,429.6 | 8,300.2 |
| XJO (ASX) Chart |