Saturday, March 9, 2013

Weekly inside bar update

Five and half months ago, I posted about the weekly inside bar [here] and commented that it may dip and then reverse again based on a previous occurrence. It was not all fluke. It was based on observations on smaller time scales.

So, how did it go? Pretty much what I said. The following week's bar was red which was then bought and reversed in the week following that.

Of course, there was a deeper retracement to follow after the knee jerk reaction. But that is for another post.

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