Q: What does the former have to do with the later? A: The intuition in the former (S. Carney) is born out by the later (A. Avila; Fields Medal - 2014) From Scott Carney's website; --------------------------------------------------------------------------------------------------------- "Harmonic Trading: Volume One Page 136 The Deep Crab Pattern™, is a Harmonic...
Notice the Alligator overlay, and the declining High fractals while the Alligator increases (Lower Price/Higher Indicator). With the steepe Low above the Teeth, a bear exit requires standard divergence: not reverse bearish. With this exit being flawed, price should return to the false out...the Highs become the bull buy line...the false Low exit is now the bull...
futures are chaotic. they induce a neutralising affectt on the influence of volume on price. consider the following: a pile of wood blocks stacked neatly together has a lower available energy. if you set fire to it, its gping to take a long time to burn, and might go out only part way burnt. if you put tiny spaces between the blocks it creates the perfect room to...