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Not a lot to work with GG

All we have is Bar Analysis and Volume.

What is the trend.---- Down
Are there trend lines.--- not on this chart but a 5 min chart will show a down trend
Any evidence of support.---- no
Where might it find support----unknown from this chart
where is resistance.----- Unknown again from this chart
Would you buy it.---No But you could have sold it short.
Where would you put a stop loss. For a short trade at break even currently.

Analysis.
Bar one.
Traded off its highs so looked weak.
Bar 2
Weak inside day on average volume finishing on its low.
This indicated an indecisive day.
Bar 3
Broke lower than the last 2 days with volume above
Friday already. This currently looks weak.
But the book will have a few more pages as time goes on .
A lower time frame chart would be handy if you really had to trade it.

<blockquote data-quote="tech/a" data-source="post: 1086407" data-attributes="member: 257">Not a lot to work with GGAll we have is Bar Analysis and Volume.What is the trend.---- DownAre there trend lines.--- not on this chart but a 5 min chart will show a down trendAny evidence of support.---- noWhere might it find support----unknown from this chartwhere is resistance.----- Unknown again from this chartWould you buy it.---No But you could have sold it short.Where would you put a stop loss. For a short trade at break even currently.Analysis.Bar one.Traded off its highs so looked weak.Bar 2Weak inside day on average volume&nbsp; finishing on its low.This indicated an indecisive day.Bar 3Broke lower than the last 2 days with volume above Friday already. This currently looks weak.But the book will have a few more pages as time goes on .A lower time frame chart would be handy if you really had to trade it.</blockquote>

[QUOTE="tech/a, post: 1086407, member: 257"] Not a lot to work with GG All we have is Bar Analysis and Volume. What is the trend.---- Down Are there trend lines.--- not on this chart but a 5 min chart will show a down trend Any evidence of support.---- no Where might it find support----unknown from this chart where is resistance.----- Unknown again from this chart Would you buy it.---No But you could have sold it short. Where would you put a stop loss. For a short trade at break even currently. Analysis. Bar one. Traded off its highs so looked weak. Bar 2 Weak inside day on average volume finishing on its low. This indicated an indecisive day. Bar 3 Broke lower than the last 2 days with volume above Friday already. This currently looks weak. But the book will have a few more pages as time goes on . A lower time frame chart would be handy if you really had to trade it. [/QUOTE]

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