Courtesy of Read the Ticker
readtheticker studies the old masters (Gann, Wyckoff, Livermore, Dewey/Hurst/Cycles) but it has to be said simple price channels clearly show the support and resistance road map for price.
NOTE: RTT Plus members can review our library of 'Big Channels' charts, via RTT Charts (main menu in RTT Plus)
Chart 1 – See how (log) price moves between the parallel channel lines, forecasting zones of support and resistance, as well as rally's and sell offs targets becomes a breeze.
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Chart 2 – You can measure a price swing move by seeing how it moves between channel lines, the last LTC rally went from 50 to 400 or 3x blue channels. The price low after the July 2021 correction was near $120, so add 3x blue channels widths (same as before) and your new target is near $1000.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however, some annotations are by a free third party image tool named Paint.net
Investing Quote…
…"Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics."…
William D Gann
..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”…
Bernard Baruch
..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..
John Templeton
.."it is better to have few stocks and to watch them carefully”…
Bernard Burach
..“If it’s obvious, it’s obviously wrong.”..
Joe Granville
