General description of the "TIME AT A PRICE" concept for determining time of a rally.
BARS AT MODE = BARS TO MOVE.
In this example, several uptrends are in place for Facebook (FB). Time is running out on one trend today from the 6-day mode, and 15 days expires next week from the last 15-day consolidation.
There is another consolidation this week that adds a few days also, but I didn't want to clutter the chart.
NOTE: This is really just an informative chart - not a "TAKE A TRADE CHART" . If you are long, raise your stop to the low of the day after the 15 days expire next week or just exit on the close of the day. Simple as that.
Enjoy.
Tim 11:16AM EST 2/14/2014
BARS AT MODE = BARS TO MOVE.
In this example, several uptrends are in place for Facebook (FB). Time is running out on one trend today from the 6-day mode, and 15 days expires next week from the last 15-day consolidation.
There is another consolidation this week that adds a few days also, but I didn't want to clutter the chart.
NOTE: This is really just an informative chart - not a "TAKE A TRADE CHART" . If you are long, raise your stop to the low of the day after the 15 days expire next week or just exit on the close of the day. Simple as that.
Enjoy.
Tim 11:16AM EST 2/14/2014
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