chart for those interested, page-32

"Madmacs :late night escape clause applies"
I do not hold AVB and am more interested in learning from Acouch's suggested support/ resistance levels on her original thread post.......Its not just about precise retrace levels but a consideration of how these potentials may impact on our individual trades......


complementary to this is:


Hi Stujack

I may just have underrated your post.......

Thank you for reminding us with the reasons you are "niggled" and cautious with your technical analysis and "not a Trader"....
Its only sensible that we all take your advise in this market and not take to emotionally based trades.
" revenge trades" I call them ..
when trading challenges we may take up, are often against professional financial Institutions....

I was being deliberately bullish in making my last chart post when suggesting that AVB had an intraday lengthy lower shadow, Hammer pattern( suggesting it was necessary that it closed at .097 was really only a cheap escape clause )
I also posted a link to candlestick interpretations where I was expecting that TA Candlestick analysis would confirm a more lengthy lower shadow was potentially a more bullish reversal.

What I discovered is that so called Bullish reversal lower shadow candle patterns are actually are statistically proving to be bearish ...... This Bulkowski chap from http://thepatternsite.com/index.html is really sharp and
remains an enigma to me , after over 10 years of internet trading and the consequential increase in institutional awareness and manipulation of the standard mathematical TA analysis readings ... It is still really important to use basic complementary oscillators readings to back up our preconceived trading pattern, candlestick etc, potential outcomes, that is what Stujack suggests ......
here are the charts for AVB after last thursdays lower candle shadow failure and Stujacks basic Momentum Oscillator alerts.
Shows the oversold stochs ranges...and I added a dark blue 50 period EMA .....(as opposed to the standard 50 MA)