Friday, July 2, 2010

Russian Wedding Cakes
































Brent Crude: bouncing along support at 74.90
The intraday chart of Brent Crude is bouncing along support at 74.90 (B). This level is now slowing the downtrend that has dominated Brent's 15-minute chart since the break lower through 77.06 early in Tuesday's session. The Channel Down pattern that formed due to market weakness has stalled as the bulls support the 74.90 level, creating the base from which a potential breakout could trigger should prices rally through 75.40 (A). A break of downtrend line resistance would not only trigger a Channel Down reversal, but - based on Autochartist's three-bar Initial Trend reading - the entry strategy would be an Autochartist Initial Movement/Momentum (AIM) buy.Trading strategies are partly determined by the pattern alert itself; how the entry will be triggered and what the entry will be, however, is based upon the Initial Trend reading. Initial Trend measures either the strength of the trend or the volatility of a sideways market. In this case, a three-bar Initial Trend reading indicates that the market is moving sideways with low volatility. If the reading were four or five bars, it would still indicate a sideways market, albeit a more volatile one. Since this 15-minute Brent market is moving sideways with low volatility, the AIM entry will capitalize on any momentum that takes prices higher through the pattern's top line. Use the Autochartist Breakout reading to confirm the degree of momentum behind the move - six bars or greater is what you're looking for. A positive MACD Histogram reading is another way to confirm the breakout buy entry.

14 comments:

凱文凱文 said...

人不能像動物一樣活著,而應該追求知識和美德............................................................

王名仁 said...

It takes all kinds to make a world.............................................................

貞合 said...

來幫推 你個blog影d相真係好靚,係我至愛~ ..................................................................

JasonBirk佳琪 said...

脾氣與嘴巴不好,就算心地再好,也不算好人~~~..................................................

俊成俊成 said...

Quality is better than quantity.............................................................

楊儀卉 said...

馬丁路德:「即使知道明天世界即將毀滅,我仍願在今天種下一棵小樹。」............................................................

仁南仁南 said...

做好事,不需要給人知道,雖然只是一件微不足道的事,但我相信,這會帶給我快樂。..................................................

陳璇竹陳璇竹 said...

好中意你的BLOG阿~加油!.................................................................

佳瑩佳瑩 said...

時時關心,時時感動。..................................................

DaniloM_W志竹olff0615 said...

Lets cross the bridge when we come to it............................................................

陳曉薇陳曉薇 said...

老天爺賦予了強者的能力,就是要他比弱者多擔待..................................................

小袁璇 said...

世界上沒有本來就應該的事,因為老天爺也沒有劇本..................................................

莉真詹詹莉真詹詹 said...

Lets cross the bridge when we come to it............................................................

凱v胡倫 said...

人生中最好的禮物就是屬於自己的一部份............................................................