Quote:
Originally Posted by trav72
well the pattern isnt touching the bottom bollinger band, though it looks like entering the trade we would have been successful.
How about the evening star pattern at the end with two candles touching the upper band and the third not touching the BB and the third candle(red) only reaching midway down of the first green candle in the pattern, is this a legit evening star pattern to trade....or do we wait for perfection in the pattern?..
maybe it just does reach the criteria, though i would of liked for the third red candle to be closer to 2/3 down the length of the first..would like to know if you would trade that one for real
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I screen printed that chart while the internet feed was live and that evening star was not complete yet!!
I do not know what it became in the end.
We use common sense when looking at the pattern.
The deeper into the BB, the better, but with 2 of the wicks touching here, it should be ok.
It is best if the candle bodies pass thro the BB.