Friday, July 28, 2017 10:13:33 AM
previous 4hr candle (engulfing) the candle before... added-visual...
I believe the rule is...
it takes two 4hr candles closing above the (engulfing) to negate the pattern
I should be jumping south here but would much rather have some sort of buffer...
say... a real quick short squeeze to +/-3.02...
... talking more retail longs into joining in the party
and to keep the south pattern valid...
this 4hr candle leaves a tall wick as the body settles back under the (engulfing) candle's close.
drawing alerts
@2.987 trying to clear yesterday's high
@3.018 warning mark is coming
@3.019 Mark
dgaz entry
I believe the rule is...
it takes two 4hr candles closing above the (engulfing) to negate the pattern
I should be jumping south here but would much rather have some sort of buffer...
say... a real quick short squeeze to +/-3.02...
... talking more retail longs into joining in the party
and to keep the south pattern valid...
this 4hr candle leaves a tall wick as the body settles back under the (engulfing) candle's close.
drawing alerts
@2.987 trying to clear yesterday's high
@3.018 warning mark is coming
@3.019 Mark
dgaz entry
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