SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical Analysis With Charts

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: MACD X3/10/2007 5:38:16 AM
   of 6865
 
BALANCE POINTS

stockcharts.com

On many of my analysis I will mention balance points.

This is where a battle has been fought over support and resistance in some trends near the center.

I will use the fibanocci percentage tool and place the 50% area where this battle has been fought, the upper or lower percentage line will project the top or bottom which ever is the case.

It is my own personal opinion that the balance point be in wave three of the move. Balance points appear to work on impulse waves and corrections.

Balance points are a cousin to congestion centers.

stockcharts.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext