Hi Jako Absolutely helpful. Have now watched 5 and gee he seems...

Hi Jako

Absolutely helpful. Have now watched 5 and gee he seems like he is one of the good guys so to speak...RE; your daily chart I have added some pretty lines etc to......to help me ask a couple of questions.



Obviously the green lines represent a potential major support zone

Interestingly when I added a downward channel in brown, price kept on bouncing off the demand line about 6 times, so that tells me that there was ongoing buyer support that was fairly strong.

What was most telling, was that I noticed that the last bar in that downward channel happened to close bang on the lower green support line....

The end of that brown downward channel finished roughly at the same point as those green potential support zone lines. When this happens, does this mean anything eg provides a stronger signal that the support zone is stronger????

It seems that the bars are becoming somewhat congested now, however looking back over the last 7 trading days, that potential support zone is strong, as price has respected it on all occasions when it was forced there??

Lastly, I noticed that when you are providing your analysis of the daily chart bars, you enclose each of the weeks trading bars ie 5 into a box...What is the reasoning behind that? Darvis?? of which I have no current knowledge of yet....

Cheers Jako
GF