Hey all, So one chart pattern that I've been particularly interested in intranight is the spike and ledge pattern. I've seen it work very well as support and also as a reversal pattern. I'm just curious if people use this pattern and any thoughts you might have on it. Do you only use it for reversals? How much penetration do you typically like to see? Do you use, say, a 60 min or daily settle (or whatever time period you use)? What about projections for it? Any indicators you use to confirm? Here are my thoughts, from experience, though this is not tested: 1. I like it as both support and resistance. 2. I like it as a reversal spot once through, and have found this to work even better once it has held at least once previously (i.e. the move through is more drastic) 3. I have no real measuring implications for it. Interested to hear thoughts.