weekend charting feb 26-8, page-99

  1. 2,829 Posts.
    Scilliams STO

    We now have several people who can use forks, so this is an example of the use of Action/Reaction lines ( the grandfather of forks)

    The process is to pick a "line of force" in the area you are interested in (which is a swing top and low) as a reference to get a sloped line. You then pick an earlier swing point and clone the line there, to get your spacing. You then clone the line the same distance in the opposite direction to get a current "line of force"

    In the attached chart I have put 2 examples, Red, and Pink. The object is to get you a reference for framing further analysis on hard to analyse charts. I also put a target for the next swing inflection in, in green


    Photobucket
 
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