Weekly Charting - 16th March 2018

Bit of an early opener, as I may be out for a while into the afternoon.....



Welcome to the New Weekend Charting Thread.


Feel free to post any analysis on Individual stock charts, Index charts, Currency charts or Commodity charts.
Traditional T/A, Fibonacci, Elliott Wave, Gann, Wyckoff, or even something more specialised.
Day Trading, Short Term, Swing Trading, Momentum Trading, Position Trading, Longer Term.

Do you have a favourite chart you would like to show others.
Or maybe a particular charting principle you have seen, or would like to learn more about.
Is there a some analysis you want on a particular stock, or instrument.
Ask questions, offer answers, anything to do with charts and chart analysis.
Over the weekend this is a place to share.

enjoy your time in the room.........

No featured chart this week.

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Each week I try to look at a particular charting or trading principle-

Previously I posted about a Wyckoff principle called springs - click here
and their mirror image opposite called upthrusts - click here
Then I posted about a principle called bullish absorption - click here
Following that was about a VSA principle called End of a Rising Market - click here
and then the mirror image opposite called Bag Holding - click here
Then we considered Looking for Trades at the Edges of Trading Ranges - click here
and two weeks back we looked an example of a Potential Accumulation Zone - click here
We have looked at a VSA principle called Upthrusts - click here
Next we considered what a Serious Supply Event - click here might look like.
We have also looked at another Serious Supply Event - click here
Then we looked at trading and Position Size in particular - click here
Following this I posted some diagrams about Traditional Chart Patterns - click here
Since then we looked at Accumulations Zones - click here
and after that was a discussion surrounding various Wyckoff Terminology and the Wyckoff Schematic - click here
Then we looked at Consolidation - click here
10th November 2017 we had a broad look at Volume - click here
17th November 2017 was the VSA principle of Tests and Testing - click here
1st December 2017 was all about the Shakeout - click here
8th December 2017 looked at Reversals - click here
15th December we looked at a specific type of test the Test in a Rising Market - click here
22nd December was a brief discussion about stop placements - click here
29/12/2017 was about the background of the chart and its influence - click here
02/02/2018 was about Double Bottoms - click here
09/02/2018 was about understanding Price and Price Action - click here
16/02/2018 was about the trading action which may occur prior to Price Changing Direction - click here
23/02/2018 was a Quiz to test your knowledge - click here
02/03/2018 was a Quiz to test your knowledge - click here
09/03/2018 was a Quiz to test your knowledge - click here

This week is another Quiz, although a slightly different one this week.
Instead of testing your ability to identify a certain VSA or Wyckoff principle,
this week I want you to look at the chart and decide if the stock will most likely go higher or lower.
If possible explain briefly why you made your choice, and include any linework that supports your thoughts.

If you are going to play,
Take a copy of the chart and paste it into Microsoft Paint, or some similar software, and draw lines or arrows and/or comments on it.
When finished save it to file and then upload it back onto this thread, and preferably hide the chart behind a 'spoiler' if possible so as not to affect the opinions of other members.
I won't be trying to trick you at all, so don't 'over think' the exercise.


Will the chart below continue the uptrend Higher or change direction and move Lower  ??

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Will the chart below continue the downtrend Lower, or find support before moving Higher ??

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I will put the results up later tonight, behind a spoiler

emjoy......

cheers