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[ATTACH=full]76219[/ATTACH]Just practising my chart skills. How does this look for using a support/resistance line and BBand?From the chart:It looks like the SP has bounced off the support line 3 times indicating that it looks to be a strong support line.A triangle is forming... I'm not too sure about this one though - a little wide on both ends.Bollinger Band - widens on the bottom where there is an up trend and widens on the top where there is a down trend. Gets tight when in a sideways trend. Left the setting as it appeared. Don't know what settings to change to (for short term).How did I go?!:
[ATTACH=full]76219[/ATTACH]
Just practising my chart skills. How does this look for using a support/resistance line and BBand?
From the chart:
It looks like the SP has bounced off the support line 3 times indicating that it looks to be a strong support line.
A triangle is forming... I'm not too sure about this one though - a little wide on both ends.
Bollinger Band - widens on the bottom where there is an up trend and widens on the top where there is a down trend. Gets tight when in a sideways trend. Left the setting as it appeared. Don't know what settings to change to (for short term).
How did I go?!:
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