I agree with the fact you to have a bit of flexibility in your thinking, and I agree to a smaller extent , that every pattern may not be text book, but there is a reason why patterns are mentioned in " ivestopedia ", and they do work when properly applied.
BTW, " investopedia " is for newbies looking to understand TA from the bottom floor, I have moved on from that ages ago and now study chartists that are relevant in the now, not yester year, when there was still the horse and cart.
Markets have changed alot since then.
I am very flexible with my trading, but my NO 1 RULE is...........if a pattern aint clear, ignore it and observe, in this instance , I use all of my other indicators to tell me if its a BUY or not.
I hope that makes sense ?
Cheers
TA & charts, page-1079
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Last
$1.76 |
Change
0.040(2.33%) |
Mkt cap ! $2.221B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.83 | $1.74 | $30.40M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 66876 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 60000 | 2 |
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