SPAQ selling climax
I'm using the ROC indicator w/ BB to measure statistically unique price changes. Impulses and retracements can end with climatic moves, quick large moves signaling exhaustion. A swing high or swing low may form after this kind of price movement. Using 
SPAQ for a couple of examples. Example 1 shows a climatic top produced by the large gap up far away from the swing lows. After that, the buyers were exhausted and price has since pulled back. Example 2 shows a possible climatic bottom, though we won't know until it is. Todays daily candle is the largest red candle, far from the swing high put in Sept.15th. This large red candle may represent panic selling within what looks to be a retracement and could be signaling the end is near.
Have you ever bought something, held and held and held as it moves against you and then one day when it really starts to move against you your impulses become so strong you exit only to see that in a few days you had sold the bottom? I have, and maybe those who have as well can start to learn how to see that happening to others using the charts :). Sometimes we must live THEN learn haha. Watching for a swing low to form.
SPAQ for a couple of examples. Example 1 shows a climatic top produced by the large gap up far away from the swing lows. After that, the buyers were exhausted and price has since pulled back. Example 2 shows a possible climatic bottom, though we won't know until it is. Todays daily candle is the largest red candle, far from the swing high put in Sept.15th. This large red candle may represent panic selling within what looks to be a retracement and could be signaling the end is near. Have you ever bought something, held and held and held as it moves against you and then one day when it really starts to move against you your impulses become so strong you exit only to see that in a few days you had sold the bottom? I have, and maybe those who have as well can start to learn how to see that happening to others using the charts :). Sometimes we must live THEN learn haha. Watching for a swing low to form.
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