Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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Sure, it was only supposed to be indicative.
The volume has fallen at each buying period. The below shows it more clearly:
Anyway, it will be interesting to see how it pans out.
Not being snarky, but honestly wondering: That H+S pattern didn't materialize, right? Or is there something like a double right shoulder?!
Correct. Even a perfectly formed H+S pattern may not complete, but statistically, it usually does.
I played the head and the right shoulder and made a small profit, but the dip after the right shoulder didn't materialise.