weekend charting 17 - 19 september, page-111

  1. 2,810 Posts.
    a good pick up bubwell on the resistance on axt.
    i went to my weekly and found a good example of how
    ichimoku is a reflection of the 50% of a range.

    the big candle created a high and a low. pink went straight
    to the middle, the 50%. then red arrived and pink was off
    chasing the next 50%. by the time red was out of there,
    blue arrived. green joined in and now blue is leaving.
    they have all rolled through that 50% level.

    currently there is a new 50% as support as it takes on
    the main 50% level.

    the daily chart looked good.
    a break of resistance on the weekly would be strong.

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