http://www.traders-t...mp;#entry627155
(Fail me please, Ms. Price)
Futures two hours into tradings, provided a 'tip' probably just what the sickle needed for a snap up bounce. Yep, that's how 'sickle' NORMALLY work. A capitulation of sort to complete the visual image of a sickle tip hooking down deep before a 'snap back' to follow up later.
OTOH, a long time old friend FAZ, just had a daily BO of Triangle TL, is sending a signal that it might be ready for a 'SNAP UP' too. Though a 'fake out' is not so ABNORMAL historically. But some BIG moves will certainly follow up when the BO is real, says the history too.
First chart showing LT TL (RED resistant line) from Oct-2011 had been breached and backtested few days ago. Second chart is close-up same chart showing BO of Daily Candle last Friday of the White Triangle (drawn with each local up and down channels).










