CVI cvi energy corporation limited

No ironfist,it doesn't work that way.These patterns are only...

  1. 135 Posts.
    No ironfist,it doesn't work that way.These patterns are only reliable at confirmation,in other words it isn't really 3 valleys until it closes at or above confirmation.It would be like selling /shorting a stock on a half formed head and shoulders.I NEVER trade in anticipation of a pattern forming-the temptation is there sometimes but you must have the discipline to wait for patterns to complete.In my early days of trading I got burnt many times buying in on prematurely formed patterns-I learnt the hard way.
 
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