spike and ledge pattern...thoughts?

Quote from cyborgSHK:



Like I said, I see what you're saying, but I think that within the waves is another very simple but useful pattern.
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Well, there not much better way to describe weak or strong price action in those areas, without dropping to lower time frames and deducing something from said lower time frame and divergence.

Not sure what you mean, its a bullish pattern, and remains so through that area.
 
Keep going with this buddy... your uncovering a gold mine... put in the screen time and you will figure out how it works.
 
some squiggles work fine ... some others do not work so good

it is interesting how sometimes they work in more than one time frame

and also interesting how they can work ( or not work )

in almost anything people trade

:p
 
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