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Real Trade Case Study
– TradingLevels for Shares & CFDs

 

»ABC

 

TradingLevels ASX - ABC

 

The Trade/Technical/Post

Date Posted: May 2012
Technical Analysis: TradingLevels & Elliott Wave
Please note, this case study is about technical analysis and a trade setup about to unfold
Corrections are likely to occur at the TradingLevels and in this case TL3|3.00

The corrective pattern is identified as an ABC Elliott Zigzag pattern labelled in blue.

After a corrective pattern comes the next trend and that is what we are waiting for however certain price patterns also need to fall into place. Essentially the 3.00 as you can see, is the resistance, so we are waiting for the 3.00 to become the support.

The Chart

 
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