Long

channel breakout

By has1988

Updated

daily oversold, daily divergence and channel-breakout, even 0.5 retracement is a good deal

Note

I typically found the 0.7071 (1.414^-1 also known as sqrt(2)^-1 or mathworld.wolfram.com/PythagorassConstant.html ^-1) in triangles, so let´s assume some.

If you know more about the reziprocal of the Pythagorass Constant in pattern regognition plz contact me. I´m still on research, but i can say it hits very often.
also look at this

Note

My buystop from Jul 26 didn´t get hit at 5.84.
I still Track the market, cos we have weekly divergence now.
Volume is still increasing, which indicates more people coming into the market.
My new Buystop is around 4.81

has1988

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