This is a older chart from the 240min.
Watch the chart below.
Price dropped, could not reach the centerline, so it produced a Hagopian which means, that price go further in the other direction then from where it came originally.
Click the play button to see what I mean. Therefore, the trade was closed and I was going in hunt mode to catch a long entry, which I did.
I also want to be clear:
a) my postings are to show my technique, not to trade
b) I have plenty of loser too. Also my analysis is often not playing out as I thought (...browse thru my charts and you will see winners and loser. It's all there, the good, the bad and the ugly too hehe...)
c) I often take a trade directional long, but with Options short or vice versa.
Happy Day Bo and thank you comments, likes and also for your open eyes.
Bo
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@Forker, Most appreciate the instant reply, Sir Forker! Thank you for explaning example of Hagopian. Reviewing your past trade suggestions is a superb education. But I do not want to believe that you could ever be wrong (*_^). And Good Day to you, too, Monsieur!