With the 3 small candles within the range of the Fed day candle
a long white candle tomorrow would be a continuation pattern called
"Rising Three Methods".
to me the market needs to get going here to the upside,
otherwise it's vulnerable for a larger pullback
this particular trade type, the Trap 1, is one of the weaker
trade setups in the system, I discussed that last time, you can
view the trade stats to the individual sub systems in the SPY Pro
system section
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Rising Three Methods candlestick pattern
SPY Pro system possible trade
Posted by Denis on 20th of Mar 2017 at 04:12 pm
With the 3 small candles within the range of the Fed day candle a long white candle tomorrow would be a continuation pattern called "Rising Three Methods".
http://www.investopedia.com/terms/r/rising-three-methods.asp
http://thepatternsite.com/Rising3Methods.html
So a buy stop above today's high would be way to get into the trade should the pattern fully develop.
Cheers, Denis.
Doesn't look like this pattern is going to play out!
Posted by Denis on 21st of Mar 2017 at 10:31 am
to me the market needs
Posted by matt on 20th of Mar 2017 at 04:14 pm
to me the market needs to get going here to the upside, otherwise it's vulnerable for a larger pullback
this particular trade type, the Trap 1, is one of the weaker trade setups in the system, I discussed that last time, you can view the trade stats to the individual sub systems in the SPY Pro system section