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Published byElisabeth Long Modified over 9 years ago
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Learning on-Line Learn on-Line About How To Read A… Stock Chart Advanced… Session #3… Using Our… Tools
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Learning on-Line When The Animations Stop Just Click Your… Left Mouse Button To… Continue… To… Continue… Click Now!
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Learning on-Line Click VTSS March 2000 Click Daily Price Chart TREND-1 TURBO-1 EW-A EW-A (A) (C) (A) ClickClick R esistance L ine Click On The Daily Chart… You Can See That The… Price Closed Closed Below… The… EW-C Up-Trend line… And… Turbo-1… Turbo-1… Moved Below Its Centerline… While… While… Trend-1’s Red Line… Line… Was Turning… Turning… Flat… Flat… At The Same Time… Telling Us A Down Move Was Already… Already… Underway… This Down Move… Created A… A… New Resistance Line… On The Top… Of This Past Up-Move… You Should… Notice… Notice… That This Past Up-Move… Actually Fell Short Of Another… Another… Resistance Line… Line… From… From… Way In The Past… These Two… Resistance Lines… Lines… Created What We Call… A… Resistance Zone… Click EW-A S upport L ine EW-A2 EW-C Flat R-L R-L R-L R esistance Zone EW-A2
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Learning on-Line VTSS March 2000 Daily Price Chart TREND-1 TURBO-1 EW-A EW-A (A) (C) (A) R esistance L ine Now… There Is One More… Danger Area… On This Chart… You Should… Recognize… And… Be Aware Of… Click EW-A S upport L ine EW-A2 Click EW-C Flat R-L R-L R-L R esistance Zone EW-A2 EW-A R-L Danger (A) Click You Can See That… Turbo-1… Turbo-1… Had Moved Below Below Its Centerline… Telling Us.. A New… (A) Down Trend Line… Line… Is Now Present… Then… Turbo-1… Turbo-1… Moved Back Above its Centerline… First Step… For An… An… Entry Point… At The Same Time… The Price Broke Broke Above Above The… The… (A) Down Trend Line… Creating The… Second Step… Step… For A New… New… Entry Point… Click Trend-1’s Red Line… Line… Was… Was… Flat… Flat… And Actually… Actually… Ticked Upward… When The Price Broke Above The… (A) Down Trend Line… Trend-1’s Red Line… Line… Going… Going… Flat… Flat… To… To… Up… Was… The Final Step… Step… For A… Valid Break-Out… ClickClick Flat When These 3-Steps… 3-Steps… Fell In Place… Place… That Tells You To Draw… An… An… EW-A… Up-Trend Line… On The Current… Current… Low Prices… ClickClick You Should Notice… That Just Before The… The… Price Moved Above… Its… (A)… Down Trend Line… Line… There Was A… A… Resistance Line… You Can See… The Price Broke Above… Above… The Resistance Line… At The Same Time… It Moved Above Above The… The… (A) Down Trend Line… ClickClick That Move Above… Resistance Line… Line… Signaled You To… To… Steepen… Your… Your… EW-A… Up-Trend Line… Do You See… What Happened Next…? Next…? The Price Broke Below Our… EW-A2… EW-A2… Steepened… Steepened… Up-Trend Line… Click This Price Break… Break… Happened… Happened… Before… Trend-1’s Red Line… Could Get Above Its… Blue Line… Line… NOT GOOD… Click This Brief… Up-Move… Up-Move… Turned Out To Be… A Short Term… Interruption… Interruption… In A Longer… Longer… Down Move… Click One Final Point… The… Gap… Back In… June… Was Finally… Closed… Just Before… A New Break-Out… Click
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Learning on-Line This Ends This Session On Advanced… Session #3… Reading A… Stock Chart
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