SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : NetCurrents NTCS
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TraderMERL who wrote (658)10/17/2000 4:20:10 PM
From: Teresa Lo  Read Replies (1) of 8925
 
"You mention several times about retracement to 20 EMA followed by retesting the high formed by the holy grail to create a Weasel. The question I have is when u retest the high for a Weasel formation, how do u know whether the upward move after the retracement is a retest versus a bear flag?"

I guess in your scenario, it's been in an uptrend, and then pulls back. Then it goes for a test of the last high. A test of top in this setup is a test of the high of the uptrend. A bear flag is a continuation/consolidation pattern in a downtrend. That's the difference between the two, a la the classic definition of Edwards and Magee.

Teresa
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News