Wednesday, July 22, 2009

CANDLE POWER FROM 1 MIN CHART TO DAILY CHART




I have put my comments on charts.i can see a lot of candle-power in the current rally,,one can only expect a PAUSE..as bulls will let bears enter to short,,,but if theres no big down candle in a few days,,expect a GOOD NEWS coming from somewhere.
how do i use candle power initiating a move ??
.,i just try to find out weather a move is corrective or a new move,,and try to do it starting from 1 min to all higher period charts,and i continue watching strenth gathering momentum from lower term chart to the higher ones.,,or weakness gathering momentum in the same manner.remember that i have posted 1 min charts,as i believe history repeats itself not only from time to time , but also in all timeframe charts


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