“The time factor and time periods are most important in determining a change in trend because time can over balance price, and when the time is up the volume of sales will increase and force prices higher or lower” - W.D. Gann
Tuesday, December 8, 2009
Result: 7/12/2009 AUD/USD FREE Time Signal
A classic inside bar breakout (30min chart) accompanied by a bullish stochastic occurred immediately after the 14:00 gmt RPBTS for a potential 90+ pips.
The second RPBTS pattern was however not clear in a 30min chart but a textbook version doji was obvious in a 1hr chart accompanied by bullish stochastic (chart not attached), permitting us to place a buy signal right above the doji high price.
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