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发表于 2011-9-12 08:24 AM
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09/12/2011 Intraday Watering
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09/12/2011 Intraday Watering
by Cobra » Mon Sep 12, 2011 8:04 am
Big gap down below the Friday's range, but since it's very close to the past consolidation area, so really hard to say whether the dip will be bought or not. Let's wait and see.
Chart pattern wise, if indeed breakdown then it's 1-2-3 Trend Change formation, from my past experiences, however, the failure rate of 1-2-3 Trend Change pattern is pretty high, but perhaps that's because I didn't take the previous trend into consideration. Since in our current case, the big picture is down, so I'll suppose this 1-2-3 Trend Change has good chances. Let's see. For now I'm skeptical because of the past experiences, I mean let's use this chance to verify if indeed a 1-2-3 Trend Change has 70% winning rate.
I don't think it's a H&S top because to be a H&S top there must exit a previous downtrend which I don't see yet, plus H&S pattern has astonishingly high failure rate at least in the past 2 years.
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发表于 2011-9-12 08:20 AM
发表于 2011-9-12 08:27 AM
