Wow, what an earthshaking discovery - smaller patterns within larger patter. Why don't we go to the 5 minute chart and see what else we can find.
As for "will in a majority of cases break in the direction of the overall trend", let me point out the overall trend ...
New TA/Charting, page-7044
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---|---|---|
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30 | 720717 | 0.765 |
44 | 666527 | 0.760 |
18 | 332687 | 0.755 |
60 | 862014 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.775 | 411242 | 45 |
0.780 | 467982 | 19 |
0.785 | 520364 | 22 |
0.790 | 360964 | 10 |
0.795 | 158713 | 16 |
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