Hi Husale,husale » Sun Jan 18, 2015 9:39 pm wrote:Once known graph goes up and down. Everything will be repeated. In that case, How many patterns where the price is behaving in a certain way?
ps
Sorry but my english is not my native language.
If I'm getting you correctly, you are basically asking: how long until the pattern stops repeating?
Sorry, I'm not too sure there's a definite answer to that one. I think the pattern will repeat until it stops ( you know, kind of like 'the trend is your friend....until it's not...' )
I think your best bet when following a source pattern is to
1) count the levels, and
2) be on the look-out for signs that show you could be wrong in continuing to follow the pattern [ e.g a stop-hunt formation signalling reversal forms in real-time, where your pattern says you should be in continuation ]
If you are lucky/do your chart time, you can come across several instances of the same repeated pattern (in different pairs / different time-frames), and that will give you a scope of how far it will go before its done
That's all I got
Cheers
