This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Thursday, September 2, 2010
Another time frame when price held and consolidates while stochs decline. We can deduce that toppish stochs does not necessary signal a top, it may but it may also signify a consolidation . Stochs will show if prices have completed that wave cycle. So to forecast price behaviour depends on other tech analysis not stochs.
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