StockFetcher Forums · General Discussion · SWING TRADING<< 1 ... 8 9 10 11 12 >>Post Follow-up
22 posts
msg #66731
Ignore haskellb2006
8/28/2008 12:48:54 AM

well perfect W for me is when the second leg is a retrace of about 70 percent... so a W with the right bottom higher than the left bottom ...

So that rules out a true double bottom.....I have tried the DB filter and frankly I didnt care for W patterns occur all the time IE: uptrending and downtrending .......

if I were to add anything else, it would be the length of time between the bottom points, like for example 15 days...something like that...


22 posts
msg #66732
Ignore haskellb2006
8/28/2008 1:02:51 AM

I guess another way to think of the W is a simple ABC pattern, with the 'C' identified at a preset level of retracement like
50% or .618 or .707

That would be a really cool way to locate potential W's and then do a visual scan of the list.

The whole concept has been done in other charting program indicators , like Presavento Gartley patterns ect.

I just have not found a way to scan for them.

256 posts
msg #66734
Ignore FuriousThug
8/28/2008 2:11:46 AM

So, right bottom higher than left bottom narrows it down a bit...

W4 & W5 are equivalent to narrowing triangles.
W9 & W10 (as well as W13 and W15) are all H&S variations
W14 and W16 are basically uptrends with higher highs.

I think eyeballs might still be the best filtering mechanic for finding Ms and Ws...then again, I'm not one of the coding wizards here.


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