Today looks to be a possible range day. Prices are testing the lows as I am typing this up, so we will need to see if the lows continue to hold or if they will give way and prices will push lower. For the moment, I would say the overall bias is slightly down, but the bigger picture still looks mixed and range like. Let’s see how prices react off of the lows during the current test and if it holds, we could see prices move higher again. There is an overhead gap that needs to be filled, so prices may attempt to fill that gap. That target is up around 5955.00.
Hi Mack,
I am new to this community. I am going through the material. From this chart, it shows that you have created channel. The purpose of this page is for us to see if we had drawn the same channel for practice or what is the practice as a student I should do after seeing this charts? Thanks
Its just a look at my chart to make sure you are on the right track and to see if you were seeing it similarly. If you are off track early, it’s almost impossible to be doing things properly, so it’s just a tool to help you get on track each day as you are learning.