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To “Read” Walt’s maps, keep carefully the after at heart:
Support – this term means a trend range or cost location beneath the marketplace that will be likely to support the marketplace from possible drop.
Resistance– a cost location or trend range over the marketplace which likely to avoid or stall cost increases.
Trend outlines and networks – these lengthy outlines describe a recognised trend or musical organization of cost task that will be likely to carry on. Breaking beyond the trend outlines will frequently show an alteration of trend. Walt attempts to show an uptrend with green range, downtrend with purple range, and a broken trend with a broken range. Styles regarded as of better value tend to be thicker. A broken blue range might an old, today damaged range, likely to have subsequent value. A blue sideways station suggests a neutral or choppy marketplace with little to no or no cost prejudice either up or downward.
Green and purple arrows may also be accustomed emphasize considerable turns, get or offer “signals,” or break-outs from dealing habits.
Reversal times (up or down) take place whenever a closing cost does occur when you look at the opposing way from a previous remarkable trend.
Gaps in expense activity are going to be identified by yellowish sectors which hint at significant modifications of way or cost behavior.
Bull and bear flags and pennants tend to be highlighted as indications of tiny corrective techniques in an otherwise bigger cost trend.
Triangles might outlined to show a contraction of highs and lows coiling for a later break-out in expense way.
Bull Trap – a false or failed chart break-out towards the upside which attracts bulls into an extended place before a turn towards the disadvantage.
Bear Trap – a false or failed chart breakout towards the disadvantage which attracts bears into a quick place before a turn towards the upside.
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Walt Breitinger
Breitinger & Sons, Commodity Futures Brokers
800.411.FUTURES (3888)
www.indianafutures.com
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