Quite a valuable article...

if the price has returned from a certain level three times, it is concluded that that level cannot be exceeded in the short term.

I've never attended a technical analysis class nor read through any article on the topic, but this has been my pattern of trading of recent...

However, it's still a very much risky method considering the "short term" effects, as such, it's important to set stop loss. I usually stick to a 30 mins chart when trading this pattern...

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