Updated Fan Pattern Chart

13 thg 10, 2023

I've got this thing dialed in now... I think it'll work better with Bolling Bands. One possible bull scenario is charted for tomorrow.

2 thg 11, 2023

Ghi chú

So beautiful off that fan. I totally guessed it wrong, but wow look how nice that play button is right now bouncing off those levels.

2 thg 11, 2023

Ghi chú

I am convinced that fan pattern charting can produce good levels. I did not watch any videos or read anything about using fan pattern tools, I just messed around with it.

On this chart, the first fan anchors is placed on the second high before the first lower-low. i.e. the pattern went higher high, higher low, **higher high**, higher lower, higher high, **lower low*

Return to red centerline would confirm bullish trend. Break from chart would confirm bearish trend.

2 thg 11, 2023

Ghi chú

The original still looks good, too. Note that we stopped today at the top of a trendline on the original chart.