Something I have been musing over recently, regarding price action patterns which are so blatant that every man his dog 'spot' them.
However when they are so obvious the chances of them manifesting are minimised, the 'big boys' thrive on these opportunities to catch us retailers in false breakout/breakdowns. Afterall, the neck line is considered support zones and one would look for orders contrary to the pattern.
Price action traders; what would you do in this instance?
Would you trade these patterns attached?
However when they are so obvious the chances of them manifesting are minimised, the 'big boys' thrive on these opportunities to catch us retailers in false breakout/breakdowns. Afterall, the neck line is considered support zones and one would look for orders contrary to the pattern.
Price action traders; what would you do in this instance?
Would you trade these patterns attached?
