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

SPY 680.59

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Dec 19 4:00 PM EST

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To: GROUND ZERO™ who wrote (108171)	9/29/2020 3:46:48 PM
From: Horgad	Read Replies (2) of 220497

I have that bookmarked and have read it a few times and have attempted to draw it out. I must be a visual learner. <g>. I think where I get confused on is what is mandatory to have to make it a wiggle and what is a "nice to have" if that makes sense. The "shape" of the DRD chart is very similar to the Dollar chart that you point out, but there are a couple of difference which I am guessing are key for it failing to be a wiggle. DRD put in a nice outside key reversal, but on the next day it failed to make a new higher high (as described in a wiggle). However it did manage a higher low and a lower close. The next day was basically a wash/repeat of the previous day. Then today is a nice upside breakout with the potential to put in the required higher high and the required higher close than the first day. However, today is missing a lower low than yesterday.

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