I've got this thing dialed in now... I think it'll work better with Bolling Bands. One possible bull scenario is charted for tomorrow.
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So beautiful off that fan. I totally guessed it wrong, but wow look how nice that play button is right now bouncing off those levels.
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I am convinced that fan pattern charting can produce good levels. I did not watch any videos or read anything about using fan pattern tools, I just messed around with it.
On this chart, the first fan anchors is placed on the second high before the first lower-low. i.e. the pattern went higher high, higher low, **higher high**, higher lower, higher high, **lower low*
Return to red centerline would confirm bullish trend. Break from chart would confirm bearish trend.
On this chart, the first fan anchors is placed on the second high before the first lower-low. i.e. the pattern went higher high, higher low, **higher high**, higher lower, higher high, **lower low*
Return to red centerline would confirm bullish trend. Break from chart would confirm bearish trend.
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The original still looks good, too. Note that we stopped today at the top of a trendline on the original chart.
www.tradingview.com/...for-Thursday-Friday/
www.tradingview.com/...for-Thursday-Friday/