Too many traders think they are taking a Random Walk through these market streets.
Well this post is to help them define a direction.
Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it)
But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no...
I see these alot.
Descending Heartbeats.. I'm interested in this case that when the gap closes after a 3 candle flatline there is a Bullish run up closing the gap.. I went a little too complex initially grouping this guy with the AH.. Let's Break it down a bit more..
It looks fairly symmetrical if you draw it like this..
I've included two fib measuring tools...