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⋅ Hmmm...The Chekov formation that results in a downtrend as a result of a bollinger J hook Pattern.
There is not any correlation or study to verify this point....just found this interesting..
Happens on the Fibs too. Almost exactly-Either all traders are smart or heavy bots or algos are running this.
I set my buy at the next fib.
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⋅ The use of the term Chekov Formation is made up in my head....do not try looking it up. LOL Spasibo
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⋅ The Buy is set with a sell gain on a dead cat bounce @ $.20
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⋅ I am very curious to see how this plays out!!!!