Okay missed a EU trade by minutes...
Was watching EJ put in some bottoms and was thinking about how in the past I have tried to short/pick) the second Top of a potential "M" or buy/pick the the second low of a potential "W" only to get whipsawed. Today the EJ put in 2 equal lows (W) and I felt that should it reverse at that level again I'd buy/pick the triple bottom as a higher prob play. NB sometimes its easy to lose sight of that a trend-line/horizontal-line can only be drawn from 2 points so buying or selling off these is always going to be a minimum of a triple top or bottom.
EJ Obs: Picking/playing Triple tops or bottoms are higher prob play than potential W/M play.
Was watching EJ put in some bottoms and was thinking about how in the past I have tried to short/pick) the second Top of a potential "M" or buy/pick the the second low of a potential "W" only to get whipsawed. Today the EJ put in 2 equal lows (W) and I felt that should it reverse at that level again I'd buy/pick the triple bottom as a higher prob play. NB sometimes its easy to lose sight of that a trend-line/horizontal-line can only be drawn from 2 points so buying or selling off these is always going to be a minimum of a triple top or bottom.
EJ Obs: Picking/playing Triple tops or bottoms are higher prob play than potential W/M play.
EU Obs:
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