Skip to Main Content
Kase on Technical Analysis Workbook, + Video Course
book

Kase on Technical Analysis Workbook, + Video Course

by Cynthia A. Kase
March 2015
Beginner content levelBeginner
224 pages
2h 37m
English
Wiley
Content preview from Kase on Technical Analysis Workbook, + Video Course

CHAPTER 11 Developing a General Market View

In Section 10 waves, wave cycles, projections, and retracements were discussed as the basis for forecasting. Section 11 brings together additional elements to support a forecast, such as moving averages, stops, and retracement tables. In addition, projections are viewed on a more comprehensive basis by looking at confluent targets within tables.

QUESTION 11.1   M Weekly as of August 11, 2014 (Refer to ANSWER 10.1)

images

The monthly chart above shows that following the 54.82 swing low a 61.00 swing high was made.

  1. Given one down wave, 61.26 – 54.82 – 61.00, what is the smaller than target?
  2. Here's the retracement table from the swing lows shown on the chart to 61.00. Is the smaller than target confluent on this table? Shade in any cells you deem important. Add any further comments you deem appropriate.

    From 54.82 56.37
    21% 59.7 inline
    38% 58.7 59.2
    50% 57.9 58.7
    62% 57.2 58.1
    89% 55.5 56.9
  3. Here's the support DevStop table. Do you find corroboration for the smaller than target? If so, shade in any cells you want to point out. Add any further comments you deem appropriate.

    Support Dev1 Dev2 Dev3 Dev6
    Daily 59.2 58.7 58.1 57.0
    Weekly 57.0 55.8 54.3 51.8
  4. Just looking at the candlestick chart, where would you draw a ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Trade with the Odds: How To Construct Market-Beating Trading Systems, + Website

Trade with the Odds: How To Construct Market-Beating Trading Systems, + Website

Anthony Trongone PHD, CFP, CTA

Publisher Resources

ISBN: 9781118818978Purchase book