XJO 0.18% 8,300.2 s&p/asx 200

friday's stage set, page-25

  1. 2,810 Posts.
    Love the pretty chart Jaolsa!


    When using ichimoku it is best to compare t/fs.

    I have kicked off with the monthly SPX


    The first circle is 2002/3 (A) and shows the drop but it was using pink as
    resistance. Current (B) is below all lines. A dropped from the cloud with pink
    but B did not. At point C the price was supported by the bottom of the cloud
    and after some consolidation dropped out with pink. D shows the support
    during the low in 2002/3. This held and the rally began. E shows that brown
    is clear of support.

 
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