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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 (shown in the arrows). On July 5 the moving average’s 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 , 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.