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the interpretation and application of price action concepts

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  DAILY FEATURED CHART 020303

2/2/03 Posted on www.dacharts.com  daily charts by Tack. Ok its not the futures. Good methods work across timeframes and instruments. Here's what I see;

Great example of Descending Tops Trendline. Trend it down with 3 separate pullback to the trendline for shorts. Also at moving average resistance for continuation trades.

Also the regression channel offers various shorts and long. Notice on the regression channel how price often overshoots the line on downside consistently to same amount for counter trend longs. 

 
 

 

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