5.2.20 TTD equity. This is a great market to use the tools that I like to use. I am a little uncomfortable that I talked about a Spike which are probably better used on much smaller time frames, and to the extent that it is an algorithm, there is a lot of subjectivity around it. Since I decided not to redo the video, just look at spikes for entertainment purposes for now until you decide to work with them, and then work through the issues.
Commentaire:
I listen to the video after I posted it. When I was talking about that reversal bar that went higher and failed to close the gap, that is extremely bearish. In fact if you look at the chart closely you will see that the recent high finally closed that gap, and this could be a plausible reason why the market traded off its recent high.