what timeframe?
this is the question, a market can be in trending mode in the hourly chart and consolidated in the dailies..
it depends.
Also I think It's hard to be programmed, as it depends on pattern recognition by human eye as shown in bunton's chart.
and if u managed to identify it, u will face another problem.
is it an accumulation/distribution or it's a range where continuation of trend will follow!
Regards
this is the question, a market can be in trending mode in the hourly chart and consolidated in the dailies..
it depends.
Also I think It's hard to be programmed, as it depends on pattern recognition by human eye as shown in bunton's chart.
and if u managed to identify it, u will face another problem.
is it an accumulation/distribution or it's a range where continuation of trend will follow!
Regards
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