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Please give a current example or two, if you will. I am not able to visualize
this.
Thanks,
Dan
JHP wrote:
> Glen,
>
> "W" pattern is when market makes a H outside the band, retraces, makes
> another H,
> but this time inside the band. There is a high probability that it will go
> subsequently down.
> This pattern is stronger if the 2nd H is equal (double top) or lower or, if
> higher, there is
> divergence with an indicator. "M" is obviously the reverse.
>
> Jan Philipp
>
> ----- Original Message -----
> From: Glen Wallace <gcwallace@xxxxxxxx>
> To: Realtraders List <realtraders@xxxxxxxxxxx>
> Sent: Tuesday, October 10, 2000 8:43 AM
> Subject: Re: [RT] Donchian Channels
>
> > Jan, what is a "W/M"?
> >
> >
>
>
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