He spoke of it earlier. Draw major trendlines on different timeframes. The high the TF the better.... it is an art... cannot be taught. I am sure there is no AFL for it either.
very true..either i have amibroker or..afl..it's fibo calculation
and the fibo channel in different time frame
intra day 15 minutes........for positional ..daily..and weekly chart......
Gci is free chart.....have fibo channel........you can try it but it has only nifty fut.
Just for info..posting live Dax Daily chart.........from 16/11/2012
Monday NF levels
Res..6092..6110..6129
sup..6064..6044..6025
Pls. note NF..sustains above 6088.....and close next high can be 6170/6180 levels
in a day or two.........intra day sustains below 6060 trend can turn weak..
My view is Positive.......
Nifty Fut is in the making of an I H & S
Already done 4 out of 6 legs, only a HL and HH remains
Will it make HL tomorrow and HH (> 6120) on Tuesday.
Only TIME will tell.
Res..6092..6110..6129
sup..6064..6044..6025..
LEVELS ARE SAME AS YESTERDAY BECAUSE THERE WAS NO CHANGE IN CLOSING PRICE. RBI POLICY DAY..EXPECT SWING BETWEEN 6040....6110