Daytraders Weekend Aftermarket Lounge 11-14th Nov, page-64

Here's one, something great to discuss.

The new charting pattern by HC daytraders.
I will start.. if everyone contribute, it can be improved. Chief editors @bthotcop @Cabbie

Stalemate & whirlpool

What is a 'Stalemate & whirlpool '

A Stalemate&whirlpool is a type of candlestick pattern used by HC daytraders, that signals of indecision during trades. The pattern is formed when the stock's rises significantly due to news or change in market sentiment and it moves sideway only for significant amount of time, signaling indecision or doubt among traders not knowing if it reaches its daily maximum price.When stalemate breaks it enter a whirlpool zone.

Key pattern and candles

• the forces of demand (instantaneous high +% jump)
• long higher shadow

Eg. ACU