Price Action Trading Support Forum

May 11th Monday - Exchange Traded Fund FAS
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Author:  wrbtrader [ Sun May 17, 2009 7:52 am ]
Post subject:  May 11th Monday - Exchange Traded Fund FAS

Price Action of the Day

Direxion Daily Financial Bull 3X Shares (FAS)
Exchange Traded Fund
3min chart

This particular WRB S/R Zone via tutorial chapter 6 controlled the price action for the remainder of May 11th Monday and provided the key change in supply/demand for other key WRB S/R Zones (not shown) that controlled the price action that resulted in the big price decline soon after the opening bell on May 12th Tuesday.


Note: There are many WRB price actions on the attached chart. However, not all WRB's are the same and only a few represent a key change in supply/demand that can be used to reveal which of your trade signals has the highest probability to result in a profit along giving you the option of using key WRBs as profit targets...resulting in a better understanding of the price action you're trading and improved trading performance of your trade strategies.

(WRB Analysis for traders to improve the performance of their own trade strategies)

(Trade Strategies and WRB Analysis for traders that need profitable entry signals with efficient trade management)

M.A. Perry

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File comment: Direxion Daily Financial Bull 3X Shares (FAS)
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