Tag Archives: Currencies

Reaction swing triggers sell for may Soybeans. [chart]

Wednesday’s rally was stopped by the 20- day SMA and the downward sloping parallel line.  The market turned lower and broke below the $9.35 support to trigger a sell signal. This portends a drop to the descending median line and a test of the previous low of $9.11.… read more

Using “Action/Reaction” to project future turning points a price target objectives. [video]

This video shows how to use the median line as a momentum indicator and the reaction line as a target objective in a two different market situations. http://www.youtube.com/Tradersnetworkinc#p/a/u/0/J0xK_GMB8EI… read more

British pound completes bearish cycle, due for rebound. [chart]

Based on the 12/29 – 1/19 A-B-C continuation pattern, the Brithis pound has completed the reaction cycle and is due for a corrective rebound or begin a consolidation period. The pound reached the lower reaction line target objective, one day before the final reversal date (projected for March 2, by the reverse/forward count). The lower parallel line… read more