Breakout
Reader Greg asks this question: [dc]R[/dc]egarding your Chart of the day: Bullish Pattern in Aud/Jpy, which as you predicted broke out to the upside. My question is simple...why did you draw it like a flag and not like a range... and how did you spot
Breakout
Watch DFS in a breakout above resistance (roughly 34.45 – 34.75.) Resistance levels are usually not clear lines, but rather rough "zones" where selling pressure has previously been able to overcome buying pressure. Multiple tests of a level can often set up a good run above resistance,
Breakout
A few lessons here from the daily continuous chart of Corn futures (it's worthwhile looking at the Sept contact along and considering the difference in patterns the roll creates, but that's another story): * The continuous contract has defined a clear range. The potential resistance area (always