Previous Days Daily Patterns to Watch..

Discussion in 'Trading' started by Digs, May 5, 2003.

  1. Digs

    Digs

    I like to find previous Daily patterns in the last 3 days to find minor to major intraday trades ..

    Patterns Types that may give a clue to current day price action.

    1) Doji with close and Open in top or Bottom 20% of High and Low range.
    2) Two Day Doji with same specs above

    3) The last two days high within $0.05 cents of each other.
    4) The last two days Low within $0.05 cents of each other.

    5) The last three days high nicely stepping down or climbing up with the same difference btw High1 less High2 eguals High2 less High3.

    6) The last three days low nicely stepping down or climbing up with the same difference btw low1 less low2 eguals low2 less low3.

    7) Strong trendlines ( 3 months long, with many confirmations) of support and resistance.

    Any price action breaking or bouncing off these technicals generally leads to a strong move intraday....

    CAN YOU ADD to this, either with patterns or advice..

    Cheers
     
  2. maxpi

    maxpi

    Triangles with those doji patterns as the last bar are even more compelling.

    Max