Hi Raff, I can see it but unfortunately I just don’t rate that pattern. It might be just me but when we studied that pattern I had difficulty applying it to any profitable use as once the pattern had revealed itself, the moves had already been displayed by other indicators. Therefore I was always saying to myself, when am I ever going to use this pattern. It’s the same as the C&H. There fun to play with and to spectate them playing out, I sure get that part but as for applying them to any serious trading strategy then you’d come up short. But that’s just me. Keep it simple Raff, all we are really doing is looking for indicators to enter a stock and once entered, we’re looking for indicators to close out. What we don’t ever know is over what time frame or what movement range it’s going to be. And pray there’s some lunch money in between.
Cheers.
IMU Price at posting:
3.1¢ Sentiment: None Disclosure: Held
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