I've been reading this pattern here - http://www.investopedia.com/articles.../04/031004.asp
I just can't seem to understand it well enough. Could someone explain it for me please?
Here is a screen - http://i.investopedia.com/inv/articl...s/031004_1.gif
I just can't seem to understand it well enough. Could someone explain it for me please?
Here is a screen - http://i.investopedia.com/inv/articl...s/031004_1.gif
QuoteDislikedOne technique that Fisher calls the "sushi roll" has nothing to do with food, except that it was conceived over lunch where a number of traders were discussing market set-ups. He defines it as a period of 10 bars where the first five (inside bars) are confined within a narrow range of highs and lows and the second five (outside bars) engulf the first with both a higher high and lower low. (The pattern is similar to a bearish or bullish engulfing patternexcept that instead of a pattern of two single bars, it is composed of multiple bars.) In his example, Fisher uses 10-minute bars.