Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Mevis

To: taylorfife who wrote (143051)	3/30/2020 7:25:30 PM
From: GROUND ZERO™	1 Recommendation Read Replies (3) of 222099

Sure, no problem, a 7 day wiggle pattern is simply an extended version of the classic 3 day wiggle pattern... Lurk all you want, you're also welcome to post and share your ideas and perspectives, they're always welcome... In a nutshell: THE BASIC THREE DAY BUY WIGGLE 1) The first day is an outside key reversal day at the bottom of a good decline, although it doesn't have to be an outside key reversal but just a good reversal day with a new low for the move and closing up on the day and near its high for that day... 2) The second day should have a higher high and a higher low and also close lower than day 1... 3) The third and all important day which typically does not complete the pattern is a lower low than day 2 but not lower than day 1, AND it must then also close near its high of the day and also close above the high of day 1... the day 3 completion is rare but when completed is better than 85% reliable that a 7 market day rally will begin... There are more complicated variations of the 3 day and there are also 5 day and 7 day wiggle patterns, but this is plenty to be able to spot them... A wiggle pattern is created on the charts as a result of the tug of war between the bulls and the bears... this tug of war over several days is seen on the charts as a very specific chart pattern which can be recognized easily when you know what to look for... a completed wiggle pattern is better than 85% reliable but they're also not common patterns on the charts, so when you find one it means you have found a hidden treasure which is hiding in plain sight for all to see... all you need to do is recognize them... There are also sell wiggle patterns which are completely the opposite in pattern and found at the top of a rally... I hope this is helpful... GZ

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