did it look anything like this ? They can be continuations or bottoms.
Name of reversal chart pattern?
- Thread starter crimony
- Start date
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Wish i knew the name;
probabilities would depend upon context.
CSCO looked as weak as QQQQ this year, certainly much weaker than 4 years into 1999. yet its shrugging off QQQQ weakness,
most of year.
Do have a name for DIA/YM outperforming other peers today;
would name that suprising.
Do have a name for some oil/gas socks that drop about 30% & keep on droping ;
name those a good polar bear downtrend.
Maybe I'm just missing something (and I've only just skimmed these over) but those gartley/bats/crabs seem like a bunch of crock to me.
The reason? A stopped out gartley, looks like a bat, a stopped out bat looks like a crab, etc etc. In retrospect, every M or W reversal pattern no matter where it *finally* turns will look like a perfect setup (just pick a species), but it won't help much for real time trade management. Does this reasoning make sense?
