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Posted

That's a common technical analysis strategy, based on trend movements, a.k.a., range contraction/expansion or volatility breakout.

 

The basic formula is:

a) Descending patterns break to the upside, and ascending patterns break to the downside.

 

b) An Uptrend will eventually break out by printing some combination of Lower Highs and Lower Lows, and a Downtrend will break out with a combination of Higher Lows and Higher Highs.

Posted
  gadfly said:
That's a common technical analysis strategy, based on trend movements, a.k.a., range contraction/expansion or volatility breakout.

 

The basic formula is:

a) Descending patterns break to the upside, and ascending patterns break to the downside.

 

b) An Uptrend will eventually break out by printing some combination of Lower Highs and Lower Lows, and a Downtrend will break out with a combination of Higher Lows and Higher Highs.

 

Thanks, gadfly, for your reply. Do you think is it a new method per se, or we can find similar ideas in other courses available here (just like ICT and Steve Mauro courses are similar, or like Feibel & Gary Dayton as well)? Asking this question just to understand the concepts in other courses around.

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