raza, i do not know of any pattern with 100% success rate. in general nothing is impossible. and especially nowadays, you need to be careful what you do. i am only trading confirmed patterns, so in this case a confirmation would be a CLEAR break of 153 area. and even then, i would be skeptical.
try to think like market manipulators. we all know that global economy is going bankrupt, and everybody is waiting for the drop. we are all trying to position for this, but for small guys like us it is essential to jump in as close as possible to tops/bottoms - otherwise you blow up your account. big sharks know this and they try to shake us out, and one of the MOST FREQUENT strategy is to manipulate mass-media and markets to make us believe that market is going into the other direction... please note, i said AND markets = there will be a push upwards to shake all shorts. and this is what we will see in the next couple of weeks: market rallies and encouraging news. and every tom, dick and harry going long at the top.
or i'm way off and i better mind my own business and shut up.
try to think like market manipulators. we all know that global economy is going bankrupt, and everybody is waiting for the drop. we are all trying to position for this, but for small guys like us it is essential to jump in as close as possible to tops/bottoms - otherwise you blow up your account. big sharks know this and they try to shake us out, and one of the MOST FREQUENT strategy is to manipulate mass-media and markets to make us believe that market is going into the other direction... please note, i said AND markets = there will be a push upwards to shake all shorts. and this is what we will see in the next couple of weeks: market rallies and encouraging news. and every tom, dick and harry going long at the top.
or i'm way off and i better mind my own business and shut up.
DislikedThats exactly why...seeing this tiny tripple bottom.. comparing it to last time..expecting same results...aint gonna Happen...IMO..
Double top on daily is much Bigger than your hourly tripple Bottom...IMO. Take that as a LEFT shoulder of the Head its Gonna MAKE..(INVERTED SHAMPOO)
pUT IT THIS WAY ..IT goes back to 157... then what do you have there..another TRIPPLE TOP..AFTER TRIPPLE BOTTOM????
OF COURSE I COULD BE WRONG..PA WILL TELL...also Divergence..We are in NO MANS LAND...ATM..Ignored
Nihil Sine Deo.