OK let's go and start to locate some parents Byrons and can see patterns.
Let's look for CAN-SPAM first.
We go back some time.
See what we got down here.
Take a closer look.
Came looking for lower shadows.
Let's see if I can find the hammer
here.
That is the hammer.
Tasting some little more marriages.
There support for a here is 670.
No.
Is there a nice reversal for through.
Let's see if we find these right here.
Hi Rami here is Saturday but this is nice.
Rebirths about as well
baddish and also in their
is almost to him.
Not quite but looks like you know except for these big slightly longer shadow.
It is a hammer because the lower shadow is longer and it's twice the size more than twice the size in
and back.
So these do qualify as a human
and tough to find
long legged hammer men.
So the longer the leg the longer the shadow the more powerful is reversal.
This poses one point this was all right all the way down here.
First the most nose down here.
But the balls stepped back in and brought the price up all the way to basically stop it.
So the balls and a lot of control over press actually right here in look for.
And so we get the shadow stronger the reverse and look at these massive reversal.
We went from Lebanon 77 on the way up to 17 under 89.
And when did you send up here when the Polish orphan appeared in court from this time to take profits
into the consolidation.
But this is such a powerful currency that this was just a couple of days of taking probably price going
back all the way down to 16 and that and then move above the moving average that he made in the for
them.
Now Dr.
YOU are we have in inverted Hammerer again we have a little bit of shadow Minsky's below Hemmers should
not have shadows but you know currencies are a little different it's not so little shabbos fine.
And so this was said this was the self seek not so second branch on the way up here.
And when you start to see the formation of these barren the profit the position in price the priest
going down to 19:00 and then they pull the verse again.
So you have three days of pullback in either baddish and Golffing
and you get up on salivation price moving below the moving averages.
So moving ever just actors and areas of resistance and support well-priced actions with an average bounce
up like in this case tells us that both of them have been moving ever dissolving press up in support
and then expect them to buy it in here for some time.
And the line I want to look at is the Orange Line the orange line is the economy in the making he tells
us about the short term trend of the particular currency or equity.
So as long as the price closes about 18 they stay long.
When price goes below you can see actually the position and I'm looking at the daily chart.
I'm not talking about Interbase daily are
then-U.S. here.
There's a crossover the 15 the blue line Tholian holding holding and then Brahe up price closes below
it.
So this was an occasion that for some reason you were in this trade as long as the position goes things
are going to move lower or exit or enter a short position by selling the course sell or selling the
currency.
And then asking about now is this because it's very powerful.
So we know the price went ballistic.
So every pullback was an opportunity to re enter.
It is also a hammer and followed by bullish engulfing beautiful so those problems will repeat.
When you start recognizing the currency patterns it's going to be easier to apply to the chart and then
you can cannon fodder and you use moving averages.
Makes it easier to understand what's happening with market price.
I'll throw that in out to you though.
Ken.