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Proximal and Distal Line in Stocks

The document discusses how to identify potential market moves by drawing lines on a chart. It explains how to draw a proximal line at the top of candle bodies and a distal line at the bottom of candle wicks to identify areas that are testing support or resistance for a potential correction, retracement, or reversal in the overall market trend.

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Uma Maheshwaran
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730 views

Proximal and Distal Line in Stocks

The document discusses how to identify potential market moves by drawing lines on a chart. It explains how to draw a proximal line at the top of candle bodies and a distal line at the bottom of candle wicks to identify areas that are testing support or resistance for a potential correction, retracement, or reversal in the overall market trend.

Uploaded by

Uma Maheshwaran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Before a down move (when market has been going up and is

now testing the upper limits for small correction or big


retracement)
Before an up move ( when market has been going down and is
now testing the lower limits for small correction, big
retracement or even a reversal into a bull market)

Proximal line is drawn at the top of the basing candle bodies


Distal line is drawn at the bottom of the basing candle wicks

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