Price Action Trading Support Forum

March 24th Tuesday 2009 - XLE Energy Select SPDR ETF
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Author:  wrbtrader [ Tue Mar 24, 2009 11:07 pm ]
Post subject:  March 24th Tuesday 2009 - XLE Energy Select SPDR ETF

Price Action of the Day

XLE Energy Select SPDR ETF
3min chart

The resistance price action had more of a battle between Shorts and Longs while the support price action occurred as a continuation to support the price action around 1215pm est...

Both represent a key change in supply/demand as revealed in tutorial chapter 4.


Note: The "price action of the day" is just a simple trading tip (not an entry signal) that correlates with some of the concepts being taught in the strategies (VTR, STR, APAOR or AJCTR) and WRB Analysis Tutorials.

Simply, the purpose for this trading tip is to encourage questions by those that have a sincere interest in purchasing education materials to learn advance trading concepts and advance understanding of the price action.

Further, if you're already a fee-base not join this discussion forum. Instead, if you have questions about this trading a link to this message post at your private forum for fee-based clients and I'll respond at your forum.

M.A. Perry

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