The Ultimate Technical Analysis Handbook - Tradingportalen.com
The Ultimate Technical Analysis Handbook - Tradingportalen.com
The Ultimate Technical Analysis Handbook - Tradingportalen.com
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Chapter 6 —How To Draw and Use Trendlines<br />
Figure 60<br />
helps determine when a throw-over will or will not occur: Volume. When volume is heavy as prices approach<br />
the upper boundary line of the channel, chances are high that a throw-over will occur (see Figure 59). When<br />
volume is light, wave five will either meet the upper boundary line or fall short. I’ve got another hint of my own<br />
that may help: when volume is light, the center of the Elliott channel will act as resistance (see Figure 60).<br />
[May 2004]<br />
<strong>The</strong> <strong>Ultimate</strong> <strong>Technical</strong> <strong>Analysis</strong> <strong>Handbook</strong> — © 2009 Elliott Wave International<br />
This ebook includes handpicked lessons from more than 200 pages of EWI’s <strong>com</strong>prehensive<br />
Trader’s Classroom Collection of eBooks. Learn more here: http://www.elliottwave.<strong>com</strong>/wave/ClubTCC<br />
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