Welcome to the online extension of the book The Art of Chart Reading. Here you will find updated information about the book and price charts analyzed with the methodology explained in the book. Consider this part learning and part exploration of what you can do with the charts. Enjoy!
The Art of Chart Reading Online
The Art of Chart Reading Online is an ongoing project designed to complement the book, The Art of Chart Reading, with real life chart examples and additional tips and tricks on the application of chart reading in actual trading.
The Art of Chart Reading
The Art of Chart Reading is the book that summarizes the proven effective chart reading techniques with in-depth insights and examples on applying these techniques in real-life trading situations.
Lawrence Chan is a professional trader, hedge fund manager and pioneer in trading technologies. His decades of trading experience and acute interest in improving his trading performance have led to his many breakthroughs in trading techniques.
QQQ bullish scenario worked out from the projected low before the holidays. Three pushes down setup points to at least retest year high. Major resistance building up at 179 and above. Support near 164.
Three Pushes Down on daily. Enough said. Looking for at least retest of all time high. Support at the green zone level and the second swing low of the three pushes.
More wild swings since last update. Here is the QQQ daily chart with some interesting observations. Red down arrows : Left one is the high of first quarter. Right one is the test of that high and failed to clear the resistance. Red down trend lines: Drawn according to the 3 pushes down rule and …