Was a really good time to go long G/U when I posted on the 15th of this month.
There have been a few patterns I've come to realize with this little template. The template itself is evolving, as well. For the most part, when price leaves the entire template, which for the chart below is sometime on the 26th, price will start moving towards the middle line. Depending on how far price is away from the middle line determines how fast price will move. If price is very close to the middle line when the template's time is near, then it's like a triangle in that the direction of the breakout is to be unknown. This observation doesn't always pan out. Sometimes, price will surge in the same direction rather than U-turning. Sometimes, other things happen. However, it seems the chances of things panning out is more than the chances of things not panning out.
There are still other observations that I've made that I need to actually study. Very hard to put this stuff in words as I use my gut intuition for the most part.
4H
Edit: I don't understand why my lines keep moving. I haven't touched them since I had already re-corrected them. Argh.
There have been a few patterns I've come to realize with this little template. The template itself is evolving, as well. For the most part, when price leaves the entire template, which for the chart below is sometime on the 26th, price will start moving towards the middle line. Depending on how far price is away from the middle line determines how fast price will move. If price is very close to the middle line when the template's time is near, then it's like a triangle in that the direction of the breakout is to be unknown. This observation doesn't always pan out. Sometimes, price will surge in the same direction rather than U-turning. Sometimes, other things happen. However, it seems the chances of things panning out is more than the chances of things not panning out.
There are still other observations that I've made that I need to actually study. Very hard to put this stuff in words as I use my gut intuition for the most part.
4H
Edit: I don't understand why my lines keep moving. I haven't touched them since I had already re-corrected them. Argh.
Play the players, not the cards.