Part of Art of Chart Reading
This is a continuation lesson from the previous chart lesson on May 31, 2013.
Chart below use a similar mark up scheme like last time. Should make this easier to explain.
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Wow, that answers a lot of questions. Thank you LC!!!
Thank you for this post. One can look at a chart and have different interpretations, so this helps us visualize what you see.
It is important to read the charts from left to right and higher timeframes down to lower ones. That will automatically rule out after the fact type of analysis.