Hi all,
I have question concerning some characteristics of the days of the week. Are there some characteristics such as Monday often reverses the bar of Friday or if there is a bullish candle on the daily timeframe on Tuesday it will most probably be a bullish trend until Thursday? I just made up these examples so I don't know if they are correct or not. I just want to know what your impression is on such dependencies or if you maybe have some statistics that could prove such correlations.
This could maybe be exploited or at least incorporated in the trading in conjunction with other signals.
Thanks,
Myrmica
I have question concerning some characteristics of the days of the week. Are there some characteristics such as Monday often reverses the bar of Friday or if there is a bullish candle on the daily timeframe on Tuesday it will most probably be a bullish trend until Thursday? I just made up these examples so I don't know if they are correct or not. I just want to know what your impression is on such dependencies or if you maybe have some statistics that could prove such correlations.
This could maybe be exploited or at least incorporated in the trading in conjunction with other signals.
Thanks,
Myrmica