Thread: Short-Term Reversal Levels (STRLs)

The amounts below are valid through 2 PM PDT (22:00 GMT) on Friday - ideally, draw them on your charts so that you may be aware of them. They're technical levels that I compute (not fibs or pivots) which will identify areas which have a high probability of halting reversing price action, or at minimum slowing the velocity of this tendency. I will place them here each day.

Naturally, the STRL's don't operate in isolation, they are best utilized in conjunction with other analysis techniques which help identifiy overbought/oversold conditions.

Regards,

Dave

The amounts below are valid through 2 PM PDT (22:00 GMT) on Monday - ideally, draw them in your charts so that you may be conscious of them. They are technical levels that I calculate (not fibs or pivots) which can identify areas which have a high probability of halting reversing price action, or at the least slowing the velocity of the tendency. I will place them each day for another couple of weeks.

Naturally, the STRL's do not work in isolation, they are best used together with other analysis techniques which help identifiy overbought/oversold conditions.

Regards,

Dave

Why do you keep posting this? Seems like seeing once could be great enough

Originally Posted by ;

Why do you keep posting this? Seems like seeing after will be good enough

should you look carefully each succeeding chart is an upgrade of the preceding one.

Blinded by the numbers...

Originally Posted by ;

Why do you keep posting this? Seems like seeing once could be great enough

u are blind?

Originally Posted by ;

Why do you keep posting this? Seems like seeing after would be good enough

I assume the previous postings shed some light on the question? Hate to tell you, but there is another one

Dave

Hope you are finding these useful....

Dave

valid through Friday at 22:00 GMT

Dave

Valid through 2/19 at 22:00 GMT

Dave

Sorry for the delay - supposed to ch them up earlier.

Side note:

EUR/CHF has produced an impressive, albeit spontaneous, move off the 1.6208 bull trend-channel throughout the last hour. We had remarked on Friday that this is really a level and so much had held.

Assuming this move is not retraced, it must imply that a different streak towards 1.6288 is in the cards and as such a succeeding move higher in the Dollar Index (DXC).

Regards,

Dave