AHG - Profitable Strategy for Struggling Traders

sorry i meant continuation.... edited my post above

 

Yes, when they are scattered around (not top or bottom) they are usually continuation patterns.

Still not the reason I have an interest for the W top (sometimes known as the Crown pattern) and the M bottom.

I got a feeling this one could take a while.....

Anek

 

darn.... thats the best i gleaned from suri

 

Suri speaks about them and he even says that the M at the bottom and the W at the top is very rare but that's as far as he goes .

Great book btw glad you got it.

Anek

 

Great journal Anek. Thanks a lot for sharing.

Is what you are looking for, in a way, a failed double top and failed DB?
Very rare, therefore DB and DT are very accurate?

my 2c

MomoNY.

 

Thank you.

Well, the few instances I've seen they actually work like a DT or DB but that's not why I'm studying them

I'll give a VERY big hint so this does not take forever.

I'm interested in its rareness quality more than anything.

Come on, I'm giving it away now

Anek

 

Anek, is it because it represents a final exhaution move (blowoff top or bottom) before a significant reversal?

 

A. Here ya go! DJIA daily, W or M?

 

A. Better on ES............Overnight drop looks suggestive...

 

Not related to the answer but here is a good example.

A "W" at the top on the daily ES.


Anek