Japanese Candlestick Charting Techniques ” PDF –Free Download Book

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Japanese Candlestick Charting Techniques

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

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.

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