The Relief Rally Looks Like a H-and-S Cycle

The 6-hour chart of Barry Burn's Cycle Indicator

According to swing trader Barry Burns, chart patterns can be used on indicators.

Here we have a head and shoulders on the stochastic cycle indicator:

High volume on the breakout shoulder.

Increasing volume up to the head.

Decreasing volume on the right shoulder.
Chart PatternsTechnical IndicatorsTrend Analysis

免責聲明