technical analysis reading the charts

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    UGR BQ AGH_\ HDHJRQBQ

    QN BF[N_\HD\>

    Ugi|gir |gi fhrmi| {hr|bab{hd| bq h qgnr|&

    |irf |rhlir nr jnde&|irf bdpiq|nr*{rbai

    `nriahq|bde bq yqyhjj |gi `brq|* fnq| bf{nr|hd|

    q|i{ bd |gi liabqbnd fhmbde {rnaiqq$

    \n haanf{jbqg |gh| |hqm* |giri hri |un

    fi|gnlq n` `nriahq|bde hphbjhoji |n |gi fhrmi|

    hdhjq||gi `ydlhfid|hj hdl |gi |iagdbahj$

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    @ydlhfid|hj PQ \iagdbahj @ydlhfid|hj hdhjqbq bq ohqil nd |gi |rhlb|bndhj q|yl

    n`qy{{j hdl lifhdl `ha|nrq |gh| ahyqi fhrmi| {rbaiq|n rbqi nr `hjj$ Bd `bdhdabhj fhrmi|q* |gi `ydlhfid|hjbq|unyjl jnnm h| qyag |gbdeq hq anr{nrh|i ihrdbdeq* |rhlili`bab|q* hdl aghdeiq bd |gi fndi qy{{j$ \gibd|id|bnd n` |gbq h{{rnhag bq |n hrrbpi h| hd iq|bfh|i n`

    |gi bd|rbdqba phjyi n` h fhrmi| bd nrlir |n li|irfbdi b`|gi fhrmi| bq npir& nr ydlir&phjyil$

    \iagdbahj nr aghr| hdhjqbq* o and|rhq|* bq ohqil nd |giq|yl n` |gi fhrmi| ha|bnd b|qij`$ Ugbji `ydlhfid|hjhdhjqbq q|ylbiq |gi rihqndq nr ahyqiq `nr {rbaiq enbde

    y{ nr lnud*|iagdbahj hdhjqbq q|ylbiq |gi i``ia|* |gi{rbai fnpifid| b|qij $ \gh|q ugiri |gi q|yl n` {rbaiaghr|q anfiq bd$ Aghr| hdhjqbq bq iw|rifij yqi`yj bd|gi {rbai&`nriahq|bde {rnaiqq$

    ?

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    UGH\ BQ AGH_\

    HDHJRQBQ>

    \gi anrdirq|ndi n` |gi |iagdbahj {gbjnqn{g bq |gioijbi` |gh| hjj n` |gi `ha|nrq |gh| bd`jyidai fhrmi|{rbai`ydlhfid|hj bd`nrfh|bnd* {njb|bahj ipid|q*

    dh|yrhj lbqhq|irq* hdl {qagnjnebahj `ha|nrq hrixybamj lbqanyd|il bd fhrmi| ha|bpb|$

    Bd n|gir unrlq* |gi bf{ha| n` |giqi iw|irdhj`ha|nrq ubjj xybamj qgnu y{ bd qnfi `nrf n` {rbai

    fnpifid|* ib|gir y{ nr lnud$ Aghr| hdhjqbq*|giri`nri* bq qbf{j h qgnr|&ay| `nrf n``ydlhfid|hj hdhjqbq$

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    \{iq n` Aghr|q Hphbjhoji

    \gi fnq| {n{yjhr |{i n` aghr| yqil o |iagdbahjhdhjq|q bq |gi lhbj ohr aghr|$ Ihag ohrri{riqid|q ndi lh n` |rhlbde$

    Ch{hdiqi ahdljiq|bam aghr|q ghpi oianfi {n{yjhrbd riaid| ihrq $ Ahdljiq|bam aghr|q hri yqil bd|gi qhfi uh hq ohr aghr|q* oy| {riqid| h fnripbqyhj ri{riqid|h|bnd n` |gi lhq |rhlbde$

    Jbdi aghr|q ahd hjqn oi if{jnil$ \gi jbdi aghr|qbf{j anddia|q ihag qyaaiqqbpi lhq ajnqbde{rbaiq hdl bq |gi qbf{jiq| `nrf n` aghr|bde$

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    GNU \N [JN\

    \GI LHBJR OH_ AGH_\

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    QY[[N_\ HDL _IQBQ\HDAI

    \_IDLJBDIQ HDL AGHDDIJQ

    Qy{{nr| bq h jipij oijnu |gi fhrmi| ugiri oybde{riqqyri iwaiilq qijjbde {riqqyri hdl h liajbdi bqghj|il$ _iqbq|hdai bq fhrmil o h {ripbnyq fhrmi|{ihm$

    _iqbq|hdai bq h jipij honpi |gi fhrmi| ugiriqijjbde {riqqyri iwaiilq oybde Qy{{nr| hdlriqbq|hdai jipijq ripirqi rnjiq ndai |gi hriliabqbpij ornmid$

    \gh| bq |n qh* h ornmid qy{{nr| jipij ydlir |gifhrmi| oianfiq h riqbq|hdai jipij honpi |gifhrmi|e {riqqyri hdl h rhjj bq ghj|il

    0

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    QY[[N_\ HDL _IQBQ\HDAI

    \_IDLJBDIQ HDL AGHDDIJQ

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    _IPI_QHJ HDL

    AND\BDYH\BND [_BAI [H\\I_DQ

    \gi Gihl hdl Qgnyjlirq

    \gi gihl hdl qgnyjlirq bq |gi oiq| mdnud hdl{rnohoj |gi fnq| rijbhoji n` |gi ripirqhj{h||irdq$ H gihl hdl qgnyjlirq |n{ bqaghrha|irbsil o |grii {rnfbdid| fhrmi| {ihmq$\gi fbllji {ihm* nr |gi gihl* bq gbegir |ghd |gi|un qyrrnydlbde {ihmq '|gi qgnyjlirq"$ H|ridljbdi '|gi diamjbdi" bq lrhud oijnu |gi |un

    bd|irpidbde riha|bnd jnuq$ H ajnqi oijnu |gidiamjbdi anf{ji|iq |gi {h||ird hdl qbedhjq hdbf{nr|hd| fhrmi| ripirqhj$

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    2

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    Lnyoji hdl \rb{ji \n{q hdl On||nfq \gi ndj lb``iridai bq |gh| |gi |grii {ihmq nr |rnyegq

    bd |gbq {h||ird naayr h| hony| |gi qhfi jipij$ \rb{ji|n{q nr on||nfq hdl |gi gihl hdl qgnyjlirq ripirqhj{h||ird hri bd|ir{ri|il bd qbfbjhr `hqgbnd hdl fihdiqqid|bhjj |gi qhfi |gbde$

    [rbai nocia|bpiq nr |hrei|q ahd oi li|irfbdil ofihqyrbde |gi qgh{iq n` |gi phrbnyq {rbai {h||irdq$

    \gi fihqyrbde |iagdbxyi bd h |n{{bde {h||ird bq |nfihqyri |gi pir|bahj lbq|hdai `rnf |gi |n{ n` |gi gihl

    |n |gi diamjbdi hdl |n {rncia| |gi lbq|hdai lnuduhrl`rnf |gi {nbd| ugiri |gi diamjbdi bq ornmid$

    \gi gihl hdl qgnyjlirq on||nf bq |gi qhfi hq |gi |n{iwai{| |gh| b| bq |yrdil y{qbli lnud$

    8;

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    Qhyairq hdl Q{bmiq

    \giqi |un {h||irdq hrid| hq anffnd* oy| hriqiid idnyeg |n uhrrhd| lbqayqqbnd$ \gi q{bmi |n{'hjqn ahjjil h P&ripirqhj" {ba|yriq h qyllid

    aghdei bd |ridl$ Ugh| lbq|bdeybqgiq |gi q{bmi `rnf |gi n|gir

    ripirqhj {h||irdq bq |gi hoqidai n` h |rhdqb|bnd{irbnl* ugbag bq qbliuhq {rbai ha|bnd nd |gi

    aghr| andq|b|y|bde |n{{bde nr on||nfbde ha|bpb|$\gbq |{i n` {h||ird fhrmq h lrhfh|ba aghdei bd|ridl ub|g jb||ji nr dn uhrdbde

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    AND\BDYH\BND [H\\I_DQ

    Bdq|ihl n` uhrdbde n` fhrmi| ripirqhjq*and|bdyh|bnd {h||irdq hri yqyhjj riqnjpil bd |gilbria|bnd n` |gi nrbebdhj |ridl$ \rbhdejiq hri

    hfnde |gi fnq| rijbhoji n` |gi and|bdyh|bnd{h||irdq$ \giri hri |grii |{iq n` |rbhdejiq |gh|ghpi `nriahq|bde phjyiqffi|rbahj* hqaidlbdehdl liqaidlbde |rbhdejiq$ Hj|gnyeg |giqi

    {h||irdq qnfi|bfiq fhrm {rbai ripirqhjq* |giyqyhjj cyq| ri{riqid| {hyqiq bd |gi {riphbjbde|ridl$

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