Something else to consider. Three consecutive weeks of long tail seem to magically appear at the start of a new upswing. Go figure! ES Weekly
No, you just need to learn the concept behind Pareto Principle. 20% will see it while 80% will not. Or to put it more bluntly, 1 trap will be set up for every 4 blind traders. Makes sense?
3 out 4 in March as well, but the trillion dollar question is whether the buyers who came last 3 weeks have enough buying "ammo" to push higher? Past performance is no guarantee and all that.
That vid is for the prognosticators. I'm a rules based trader. The chart tells me in real time what's up. Somewhere along the line this gem popped up and is something to heed imho. "To predict is for paupers, to react is for kings"
Yeah, I've had since new an now dog eared copy of Koch's book "The 80/20 Principle: The Secret to Achieving More with Less", hardcopy, lol. Quite familiar with concept and practice. Got one?