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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.07-0.2%Jan 29 4:00 PM EST

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To: GROUND ZERO™ who wrote (106692)6/5/2018 4:20:27 PM
From: catou1  Read Replies (1) of 222604
 
GZ, sorry for asking so many questions, I can't find anything on my books or internet about wiggle pattern.
You wrote that the pattern must meet all the specific requirements. Please would you confirm what I found from your writings :

For a bottom
1. day one is a low
2. the 7th day trade below all the subsequent previous 5 days
3 on the last day, it closes above the previous highest close after the low was made.

Now, why did you write that the 7 days wiggle on SOXL show ALMOST a 3 days wiggle too. I can't see why those 3 days don't qualify. Is it because the 3th day went as low as day one?

thank you
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