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Weekly Charting - 17th November 2017, page-28

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Beany72

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18/11/17

19:52

Post #: 28921535
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Originally posted by Jako8557 ↑

Thats OK no worries, I knew you asked about IMU,

Beany also included IMU in his chart wrap this week, and I wanted to show him a different way to draw it, rather than just use the previous high as the breakout point, especially when it is a long way below the lowest point of the consolidation..

Yeah, that last bar was a bit weird, and the response to it next week will tell you what it was all about (or who the winner is...the buyers or the sellers)

cheers

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Hi Jako,

Thanks for your chart. I'm confused by my breakout point being below the lowest point of the consolidation?
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