One of the more popular, well-known bars is a key reversal. The bearish in Visual Studio .NET

Drawing PDF-417 2d barcode in Visual Studio .NET One of the more popular, well-known bars is a key reversal. The bearish
1. One of the more popular, well-known bars is a key reversal. The bearish
PDF-417 2d Barcode Decoder In Visual Studio .NET
Using Barcode Control SDK for .NET framework Control to generate, create, read, scan barcode image in .NET framework applications.
key reversal (Figure 3.2) makes a higher high than the previous time frame and usually closes below the prior time frame s close and the general trend direction. This occurrence is frequently accompanied by unusually strong volume and indicates the trend is reversing. An S&P 500 index chart shows a good example (Figure 3.3). The exact opposite occurs for a bullish key reversal in a downtrending market lower low than the previous time frame and then a close above the prior time frame s close.
Encoding PDF-417 2d Barcode In .NET
Using Barcode printer for VS .NET Control to generate, create PDF417 image in .NET framework applications.
High Open
PDF-417 2d Barcode Decoder In VS .NET
Using Barcode recognizer for .NET framework Control to read, scan read, scan image in VS .NET applications.
Close Low
Making Barcode In .NET
Using Barcode generator for VS .NET Control to generate, create barcode image in Visual Studio .NET applications.
FIGURE 3.1
Bar Code Decoder In Visual Studio .NET
Using Barcode scanner for VS .NET Control to read, scan read, scan image in .NET applications.
The basic bar.
PDF 417 Printer In Visual C#.NET
Using Barcode generator for VS .NET Control to generate, create PDF417 image in .NET framework applications.
FIGURE 3.2
PDF417 Encoder In .NET Framework
Using Barcode printer for ASP.NET Control to generate, create PDF 417 image in ASP.NET applications.
Key reversal.
Make PDF-417 2d Barcode In Visual Basic .NET
Using Barcode printer for .NET framework Control to generate, create PDF 417 image in .NET applications.
TECHNICAL ANALYSIS: The Art of Charts
Create Bar Code In .NET Framework
Using Barcode generator for Visual Studio .NET Control to generate, create barcode image in .NET framework applications.
Key reversal down
UPC-A Supplement 2 Creation In .NET
Using Barcode printer for .NET Control to generate, create Universal Product Code version A image in VS .NET applications.
Short-term trend is higher
Paint Code 39 Full ASCII In .NET
Using Barcode creation for .NET framework Control to generate, create Code39 image in Visual Studio .NET applications.
FIGURE 3.3
Drawing Uniform Symbology Specification ITF In .NET Framework
Using Barcode creator for VS .NET Control to generate, create USS ITF 2/5 image in .NET applications.
permission.)
Draw USS Code 128 In C#.NET
Using Barcode drawer for .NET framework Control to generate, create Code 128A image in .NET applications.
Shifting into reverse. (Source: Gecko Software, Inc. Reprinted with
UCC-128 Creation In Visual C#.NET
Using Barcode maker for Visual Studio .NET Control to generate, create UCC - 12 image in Visual Studio .NET applications.
2. The outside bar (Figure 3.4) occurs when the current range takes out
Data Matrix ECC200 Recognizer In .NET Framework
Using Barcode scanner for VS .NET Control to read, scan read, scan image in .NET framework applications.
the previous time frame s high and low, but the close is consistent with the current trend. It usually signals the continuation of the market s direction.
Scan Bar Code In .NET
Using Barcode scanner for Visual Studio .NET Control to read, scan read, scan image in .NET framework applications.
FIGURE 3.4
Barcode Scanner In Java
Using Barcode scanner for Java Control to read, scan read, scan image in Java applications.
Outside bar.
Creating Bar Code In Java
Using Barcode maker for Java Control to generate, create bar code image in Java applications.
Bar Charts
Recognize Code 128 In Visual Studio .NET
Using Barcode reader for .NET framework Control to read, scan read, scan image in VS .NET applications.
3. The settlement price reversal bar (Figure 3.5) occurs when the bar
Code 3/9 Generator In Visual Studio .NET
Using Barcode encoder for ASP.NET Control to generate, create Code 3 of 9 image in ASP.NET applications.
moves in the same direction as the previous time frame s bar a higher high and higher low for an uptrending market but closes lower than the previous time frame s settlement price. 4. The inside bar is exactly what it sounds like (Figure 3.6). The current bar s high and low are within the previous time frame s high and low that is, the whole current range is within the previous bar s range. The close is not considered important by most chartists. What is important is how the market behaves in the next time frame. A breakout either way of the inside bar range gives a buy or sell signal, based on the theory that there is a continued price move in the direction of the breakout. Figure 3.7 displays all four of the preceding bar examples and shows the ensuing price results. Of course, one bar usually does not make a chart pattern. However, training your eyes to quickly spot a bar that may lead to identifying a pattern or formation is what learning chart analysis is all about. Once you see a formation and study a repetitive result time after time, your confidence level will increase and, thus, you may be able to pull the trigger quicker to execute a trade faster. The analysis of the chart is the same whether each bar represents a minute, 5 minutes, 12 minutes, 30 minutes, an hour, day, week, or month. The time frame you choose depends on how close you want to be to the market and how many trading opportunities you would like to see.
FIGURE 3.5
price reversal.
Settlement
FIGURE 3.6
Inside bar.
TECHNICAL ANALYSIS: The Art of Charts
March 2003 euro futures
Key reversal down day
Settlement reversal day Inside day
Outside day
FIGURE 3.7
Multiple one-bar signals.
POINT-AND-FIGURE CHARTS
The point-and-figure method of charting has a long history. Author and wellknown technician John Murphy estimates the development of point-andfigure charts goes back to sometime in the 1880s or 1890s, but they have not been popular with futures traders in recent years. Point-and-figure charts have one unique difference from other charts: Time is not a concern; only price action is. The vertical axis represents price, the same as a bar chart. Instead of bars for a time period on the horizontal axis, however, the columns on a point-and-figure chart alternate between Xs for upward price movement and Os for downward price movement, changing from one character to the other when a specified amount of price movement occurs. Each box on a point-and-figure chart represents a price unit. If prices are moving up, an X is placed in a box as each new higher price unit is achieved. When prices turn lower by a set number of boxes (price units), a new column of Os begins to the right of the column of Xs, and Os continue to be added to the bottom of that column as each new lower box (price unit) is reached. A price reversal equal to one box size may result in the formation of a new column. A method of smoothing out fluctuations is to only record price reversals that exceed a set number of boxes. The number of boxes is called