Wednesday, November 28, 2012

Squaring price range of current trend with time of current trend

main theme.

When price and time make an square , It is the great support and resistance .Price and time make square of various way.


Here we first need to see the Range of current trend, We need to see High and low of current trend

Such as current trend down, High 106.73, on march 19,2002, low 71.79 on october 10,2002

So our trading day passed from high to low is 142(march 19,2002-october10,2002)
Here down trend started on march 19,2002, ended on october 10,2002

Trading range High-low(106.73-71.79)= 34.76 near about 35 convert it to degree,It is 120 degree.

now trading day 142= 120 degree

So here trading day makes square with price range of current trend.

So trend will change.

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