Hello to everybody, this is my first thread started here on FF. I'm writing here because I started to notice on lower TF like 1hour or less, that there is a kind of structure like Rally-Accumulation-Rally (I uploaded a picture of today, but I can provide more of this kind).
So the things I noticed is that after a really, really sharp movement. The price come back to the start location, and I'm not talking about S&D because I don't trade "the bounce" on that level, but I trade the exit from the consolidation/accumulation BOX (see the screenshot).
So exit from box -----> reach of the start of sharp movement.
I know that I'm not the first, and I'm not the only that saw this.
But I didn't find anything about it, no thread or theorical material. So I end up to open this thread hoping to create something useful.
So the things I noticed is that after a really, really sharp movement. The price come back to the start location, and I'm not talking about S&D because I don't trade "the bounce" on that level, but I trade the exit from the consolidation/accumulation BOX (see the screenshot).
So exit from box -----> reach of the start of sharp movement.
I know that I'm not the first, and I'm not the only that saw this.
But I didn't find anything about it, no thread or theorical material. So I end up to open this thread hoping to create something useful.
"In ancient times they had no statistics so they had to fall back on lies."