DislikedLOL - Indeed, that makes a market! Good to have spirited debate here. Not sure I follow that flagpole business, but I do recall an old Candlestick expression - "what do you call a 2-day reversal candle in an uptrend?............a retracement."....i.e buy the third day. A one day move of similar proportion would indicate a sentiment change and be sold on retracement the other way.Ignored
Indeed, love a good thought provoking discussion!
Attached: Flagpole continuation pattern(extracted from the market in my head)
And indeed just taken by themselves, 2 candles that stand tall next to each other are fairly meaningless to me. Give me a few years of history to the left of them, and then i'll come up with "good idea" or "bad idea"
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