weekend charting part 2, page-16

  1. Johno247
    14,914 Posts.
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    10/08/09
    19:00
    Post #: 5489989
    Hey Robbbbbb....I have a question for you if you dont mind helping me with it?

    Could you please explain the psychology of an impending breakout from stochastics that make lower lows as shown in the GXY chart below? I saw one of your charts the other day and it said that this pattern can pre-empt a big move. How does this work?

    [URL=http://img35.imageshack.us/i/stoch.png/][/URL]
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    lightbulb Created with Sketch.  Great analysis
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