We have shown many examples on these pages how a failed pattern can provide clues for what comes next. Further hints were provided by our Triple R (Remek! Relative Return) indicator, with a volatility reading of >2 on Apr 1. Mindful trading!
We ran up the hill with ZB in recent days alright. Now, after the 4hr pattern failure, we’re in monitoring mode and on the lookout for the next clues. We expect to see some consolidation and back’n’forth at this level in the next day or two. Time for a bikeride! Mindful trading!
2019 03 08: pullback on the weekly, pullback-in-the-works on the 240m. Imminent breakout on the daily. Waiting to be triggered in on the 240m. Simply beautiful. We make a plan, and tell the world.
2019 03 22: Further proof that a) markets are not totally random, and b) Remek! Momentum works c) (not discounting the usefulness of macroeconomic or fundamental analyses) directional trading based on technical analysis also works.