Cat in the Hat Pattern on FisherLooking at Indicator study here. I noticed a pattern that @nmike passed along to us all, the Fisher Cat. That Cat works well to find peaks and bottoms or significant trend reversals. On this chart I also noticed a hat pattern followed by a cat, which suggest a trend reversal was about to take place. Not only did we have the pattern to work with, we also had divergence in all indications, RSI, Slow Stoch-Fast Stoch, MACD, Fisher and TRIX (yellow ascending lines compared to Vale chart with horizontal yellow line = divergence). The indication lines also merged on all my indicators as you can see with green circles. This was a good time to buy call options for the end of the month (which I already sold). This was an extremely risky move but the reward was significant.
You can also use these indications if you like. Hit the "make it mine" and you can follow along on any stock.
