BULLS
This is a possible LONG.
Shrinking staircase pattern
Found buyers below the Low1 (L1)
See if a Low2 forms (L2) and if it fails.
Use the Failed Lo2 to enter Long.
Better if the L2 bear bar has bottom tail
stop below the green line.
BEARS
can start selling above the red line.
Scale in Higher and look for a test of the Red line
This is a possible LONG.
Shrinking staircase pattern
Found buyers below the Low1 (L1)
See if a Low2 forms (L2) and if it fails.
Use the Failed Lo2 to enter Long.
Better if the L2 bear bar has bottom tail
stop below the green line.
BEARS
can start selling above the red line.
Scale in Higher and look for a test of the Red line
