Chapter 10 Technical Analysis:Chart Patterns 08/082003C=918242 160 H=9190 L=8965 Mov Avg-Exponential 10500 10000 9500 9000 8500 8000 7500 2002 2003 Created with SuperCharts by Omega Research 1997
Technical Analysis: Chart Patterns Chapter 10
The Wave Theories R.N.Elliott pointed out that the stock market unfolds(展开)according to a basic rhythm or pattern of five waves up and three waves down to form a complete cycle of eight waves
The Wave Theories R.N. Elliott pointed out that the stock market unfolds(展开) according to a basic rhythm or pattern of five waves up and three waves down to form a complete cycle of eight waves
The pattern of five waves up followed by three waves down Corrective Impulsive 5 Phase Phase b a C 4
The pattern of five waves up followed by three waves down 1 2 3 4 5 b a c Impulsive Phase Corrective Phase
The Wave Theories SUBDIVISION OF 5 WAVES①AND② 2 3 恩 1 2 5 1 4 3 3 点 3 5 品 5 ② 3 2 ①.②=2wav8s (1).2.(3).(4).(5).(A).B).C)=8 waves 2 1,2,3,4,5,A,B.C,etc.=34 waves
The Wave Theories
The Bar Chart A price bar might represent a period as short as five minutes or as long as a month. The most common is the daily bar chart
The Bar Chart ◼ A price bar might represent a period as short as five minutes or as long as a month. ◼ The most common is the daily bar chart
Bar Chart HIGH CLOSE OPEN LOW
Bar Chart
Bar Chart Open.The first price traded that day. High.The highest price traded that day. Low.The lowest price traded that day. Close.The last,or closing price,traded that day.Also called the settle
◼ Open. The first price traded that day. ◼ High. The highest price traded that day. ◼ Low. The lowest price traded that day. ◼ Close. The last, or closing price, traded that day. Also called the settle. Bar Chart
Daily Dow Jones I.A.Futures Price 08/092002C=87254300=8616H=8790L=8565 10500 10000 9500 9000 -8500 8000 7500 Apr May Jun Jul Aug Created with SuperCharts by Omega Research1997
Daily Dow Jones I. A. Futures Price
Daily Dow Jones I.A.Futures Price Figure95Wekp立eharφ
Daily Dow Jones I. A. Futures Price
Week price bar down igwe只6eR切ice bar dow
Week price bar down