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Hi Srezz,

Are we headed towards the targets between the red or blue?

Thank you!

My targets are shown by either blue or red dotted horizontal lines.

Understood, Srezz. Which in this case are the dotted blue ones. Thank you very much for clarifying.

Have a great weekend!

Do you see any red dotted horizontal lines?

I enjoy your mater of fact humor responses.
But to be fair, in this case i do not actually see the red dotted lines.
I see the red lines and the blue lines and the blue lines with the dots. but the red dotted lines do not show.

Exactly. Because there aren't any.

lol

This is absolutely epic!

Thank you!

Thank you srezz

Hi Srezz,
I'm trying to read up on TA. I just want to know if your predictions are based on a double top reversal pattern?

  ·  7 years ago (edited)

My targets are based on the daily volatility. Anything like "double tops", or "head & shoulders", or anything else of this kind are highly arbitrary things and in my book of TA can only serve as initial points of analysis or confirmations for the volatility based targets.

For someone new to TA what would be the best book to start with? After doing some googling, I've decided to start with John Murphy's Technical Analysis of Financial Markets.

That's what I always recommend as an excellent introduction to the TA world.

At srezz's recommendation, I am about halfway through this book. It has given me a good understanding of the basics so far.