ewob,I'll start and let the others finish you off!!Your weekly...

  1. 598 Posts.
    ewob,

    I'll start and let the others finish you off!!

    Your weekly chart's good. It gives you an overview of how we are currently trending.

    As for the daily, I've got a couple of points for you to work on.

    Firstly, go to as many bars that will include a couple of bars prior to the climactic action. That being the 9th of August. That is the highest volume bar for the last 12 months. Mark the top and bottom of the bar and extend the lines to the right. Notice anything?

    Secondly, you now have a series of higher lows. Trend line it.

    Lastly, look for the correlation between the volume of each successive higher low and each time it moves back to the resistance line. Where is the volume higher and where is the volume lower.

    That should be enough from me for tonight...

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