Study Guide for Come Into My Trading Room - Forex Factory

ANSWERS 195
order as many points below the EMA as the average depth of past
penetrations.
Biovail rallies again in areas E, F, and G. None of those rallies reach
the upper channel line, reflecting the weakness of bulls. At the same
time, Force Index starts tracing lower and lower peaks. Those bearish
divergences indicate that the top is near. Look back at the record peak
of Force Index in area C—it reflected great power of the bulls and called
for higher rallies ahead. That forecast has now been fulfilled, and in
areas F and G Force Index is giving an opposite message—that the top
is at hand. Good technical indicators work like headlights on a car.
They do not show you the entire way home, but light up enough of the
distance ahead so that if you travel at a reasonable speed, you can
anticipate the next turn in the road.
DAILY CHART A-8C
Exit Ratings
Sell longs in area A: 5 points
Add to longs in area B: 3 points
Sell longs in area C: 3 points
Add to longs in area D: 3 points
Sell longs in area E: 3 points
Sell longs in area F: 5 points
Add to longs in area G: 3 points
PASS POINT 13