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| PDF Title : | Japanese Candlestick Charting Techniques |
|---|---|
| Total Page : | 298 Pages |
| Author: | Steve Nison |
| PDF Size : | 7.6 MB |
| Language : | English |
| Rights : | candlecharts.com |
| PDF Link : | Available |
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Japanese Candlestick Charting Techniques – Book
On the initial ascent on the week of May 8, natural gas ascended and maintained this moving average’s support (shown in the arrows). On July 5 the moving average’s support was penetrated with a falling window. Consequently, we now have two reasons for resistance. The first is the moving average.
Since this average worked so well as support, it should be expected to act equally well as resistance. Second, a falling window between $4.29 and $4.41 should also be resistance. In early July, natural gas got to this moving average’s resistance but failed to close over it. The early July rally was also a failure of the window’s resistance zone.
Japanese Candlestick Charting Techniques PDF
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