Masserra

Masserra

Possible scenario forecast: Loss of M6 Mid range leaving behind a strong W1 supply Keeps dwindling around the Y1 Open / M6 Mid eventually seeking liquidity down for a final pump higher Rejects from the W1 Supply finalising the H&S and giving us a potential target Dumps back below the Y1 Open / M6 Mid and H&S neckline Rejects off of Y1 Open starting the...

Masserra

Many times I enter discussions where people tend to bash pattern trading... ...saying that pattern trading is not actionable, that "most reversal patterns fail while most continuation patterns succeed", that "most diagonal patterns fail while most horizontal patterns work", that you can't derive direction from them. My answer is always that direction is not...