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Old 09-25-2006, 11:56 PM
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Re: Combining Candlesticks, Indicators, and Pivots

Hi Bill,

You can post charts using the attachment button that looks like this: This function is only available when you post a reply and not the quick reply.

I use a 233 TICK chart so the candlestick patterns may be slightly different from the one you see. However, when the YM tested the value low pivot, it does look like we saw a doji followed by a candlestick with the equal size wicks.

The value low pivot is usually a good pivot to use as support. Once broken, it acts as key resistance. Today, it became the dead low which is quite interesting. I was careful today at the initial test of the value low pivot due to weak market internals. But after it held the second test, this was a good information that the markets had found support and good for a long setup.
Attached Images
File Type: jpg 092506val.jpg (62.6 KB, 12 views)

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