Replies to post #136196 on Simple's Green Room

[pennies2007]

Yeah, I think so. I was trying to annotate charts for others as well and I think I lost my place.

Here's our top end target to short the sucker...

[pennies2007]

Forgot to mention this...makes sense in this case...this type of pattern is designed to bleed off oversold conditions on the lower time frames to get ready for another large move in the direction of the larger trend.

They're just so rare I don't expect to see them pop up in the middle of a trade.

[pennies2007]

I'm actually surprised they didn't drop it about 20 pips below the previous low...that's the normal amount on these patterns. But 11 pips will do it too. Wouldn't be surprised to see em turn around and do just that though.