April 3, 2012
- in Uncategorized by schooloftrade
Price Wedge Illustration for Multiple Swing Highs
Today we see a clear price wedge on the euro currency futures, and this wedge HIGH has a few additional trend lines that need to be added. We have the MAJOR trend line (yellow) which is drawn from a previous swing high and then we have the more recent trend lines in Green and Red to show the new levels of resistance which will be added.
remember to think to yourself…’where was this wedge created’ Then the next swing highs you see later on in the process are attempts to break new highs that have FAILED.
