I can show with a simple example that 99.9% of you did not even pay attention to this little thing, two indices and they move synchronously, but one confirmed the correction in the interval of a year and the second, on the contrary, showed the continuation of the trend and I am 100% sure that not one of you will ever be able to understand whether the correction on the American market has ended or not.
gentlemen, a long time ago, even when I was teaching stock exchange trading, my course cost $50,000 for the simple reason that I taught people to pay attention to things that they themselves would never have noticed
lol so you find a narrow index that didn't take out its 2024 low as confirmation of the bull trend? We're a month into the current bar which represents 70 SPX points. You can't possibly be serious with this garbage. Did NDX confirm? How about the Baltic Dry Index?
the point is that these patterns in the development of volatility have remained unchanged since the time when the Rice Exchange Market in Japan operated in the 17th century.and if I point out just one single unchanging market pattern, every trader will work only for profit
Aloha @MarkBrown, Thanks for the updated pic with thick lines; Your plots are always hard for me to read. I'm guessing you're in a dark room with a large monitor; opposite setup for me. I think we look at something similar on the bottom panel, (but I use traditional time based bars) @Resto, there's a world of Jack Hershey information here about two bar combinations. Have you read into him much? Get your firefighting gear on if your reply is yes...