accumulation possibility (average spell held)
1st id like to start with the falling wedge. ive gone through that pattern quite a bit so i wont go into to much detail. Falling wedge with an up side break out simple enough. Here is where it gets interesting, an accumulation funnle (bullish). Now if youre not familiar with livermoores accumulation funnle or funnles in genereal they typically occur durring an accumulation phase (the ideal buy time for market cycles). heres a bit more on accumulation funnels also called accumulation cylnders.
The 'Accumulation Cylinder/Funnel with Widening Mouth' is a rare, slowly forming, but potentially explosive pattern where the price brackets back and forth between two non-parallel lines until it explodes to the upside. It was first identified by the legendary trader Jesse Livermore, who is credited with practically inventing technical analysis.
now slight disclaimer, this chart may be inaccurate as far as average balance goes. but still an interesting look at....not so much a trade but could be used in conjuction with a long position on spell while staking.
The 'Accumulation Cylinder/Funnel with Widening Mouth' is a rare, slowly forming, but potentially explosive pattern where the price brackets back and forth between two non-parallel lines until it explodes to the upside. It was first identified by the legendary trader Jesse Livermore, who is credited with practically inventing technical analysis.
now slight disclaimer, this chart may be inaccurate as far as average balance goes. but still an interesting look at....not so much a trade but could be used in conjuction with a long position on spell while staking.
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