Yesterday I published an idea that said we are in a giant W pattern (4hr). So far that has been coming true. The way the Stochastic RSI is looking at the moment, and after checking past occurrences where it has essentially flat lined on the 4 hour, that flat lining has only lasted for around 2 days before heading in the opposite direction. The next 4 hour candle marks exactly 48 hours since the current flat lining began.
I therefore prophesize that the next 4 hour candle will be green and will be the beginning of an upward retracement which will complete the W. It may not be the best W you've ever seen, but somehow it will be a "W". May I be struck down with a winning lottery ticket if I am wrong.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.