Since prices seem to blow through resistance lines without contempt, I was looking for some indicator of trend reversal. I came across the “sushi roll”. It is an engulfing pattern, but instead of two candles it contains 10 candles.
Essentially, once the latest 5 candles (say on the daily chart) engulf the previous 5, you have a reversal.
Look at the last reversals, it works.
If this is what we are waiting for, we have some waiting to do…
Since prices seem to blow through resistance lines without contempt, I was looking for some indicator of trend reversal. I came across the “sushi roll”. It is an engulfing pattern, but instead of two candles it contains 10 candles.
Essentially, once the latest 5 candles (say on the daily chart) engulf the previous 5, you have a reversal.
Look at the last reversals, it works.
If this is what we are waiting for, we have some waiting to do…
October time-frame?
My guess is that we get there way sooner.
I'll be waiting... with a smile on my face!
Hahaha you and the entire Steemit gaha
Ha ha, too true Sir... too true.