The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

Integrated Technical Analysis

Figure 27.33 depicts a price‐time confluence at Point X, comprising a cycle‐

peak projection and channel resistance on the daily AUDUSD chart.

Figure 27.34 depicts price‐time confluences comprising cycle‐trough projec-

tions and channel resistance on the four‐hour EURUSD chart. Notice that the

head‐and‐shoulders neckline violations all occurred as price was approaching the

projected time line of a cycle trough, and that the bottom in the market occurred

at a projected cycle trough.

Figure 27.35 depicts a price‐time confluence at Point X, comprising an apex

reaction time line projection, Bollinger Band upper band test, a 50 percent Fibo-

nacci retracement, and a bearish double top on the daily U.S. Dollar Index chart.

Notice how the index fell rapidly immediately after the price‐time confluence.

fIgure 27.32 Price‐Time Confluence on the Daily EURCHF Chart.

Source: MetaTrader 4

fIgure 27.33 Price‐Time Confluence the Daily AUDUSD Chart.

Source: MetaTrader 4