posted
Support is between .305 and .31.. it is three black crows if im correct in candlestick jargon.. it went a little below support but the bulls pushed it up in the end .. to just below support.. i would probably be cautious and buy if it bounces up above support and doesn't go below it tomorrow... hope this helps.. again take anyone's advice with a grain of salt.. it is better to do your own analysis and if you don't know how to then read books and learn how to...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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posted
Pretty colorful chart. Too bad it doesn't have more information on it.While the previous pullback was probably a normal pullback during an uptrend, the present pullback appears more serious. Maybe caused by bad news. It does seem to have broken thru the previous pullback's low.Personally, I'd wait a couple of days to see if the price holds at this level or continues downward.But each one of us trades differently.
Posts: 217 | From: Texas | Registered: Jun 2003
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If not buy one of Nison's books.. i highly recommend them.. the one i have is :
The Candlestick Course by Steve Nison www.candlecharts.com ... he has other ones that are more in depth but this one is good enough to get you acquainted with candlesticks... if you still want the software perhaps you can find a older or used version on ebay or other auction sites etc... but i recommend the book also..
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by nasal: is there any software that can help me to identify candle stick formation ?
PrecisionTradingSystem.com has charts which can use Candlesticks. I don't use these because they are not necessary when you have the Platform; all the information you need is on the charts. PTS also has free picks which are averaging 30-40 points per week.
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