Quote from: oda.krell on August 01, 2013, 02:40:26 PM

@prof7bit

I guess you're asking Traktion, since he suggested the pattern, but even though I didn't agree with him, your "find in less than 2 minutes" criterion is a bit unfair. Depending on how well trained you are, it could take you 30 seconds or 20 minutes to find a pattern, irrespective of whether it is really there or not.

When Traktion first posted, he also had a 15 min view. I'm not experienced in determining candlestick patterns, but I *could* see how (on the 15 min view) a left shoulder and a head had materialized, and a right shoulder was possibly forming.

I mainly disagreed because of the volume acting atypical.

Sure, the volume was a bit dodgy (especially on Bitstamp), but I thought it was worth a punt. The head and the right shoulder panned out as expected, but there wasn't the full reversal back to the neck line. It was still worth trading (for me anyway).

EDIT: Although we are heading towards the neckline now on Bitstamp... the pattern is rough though, granted.