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Glen,
"W" pattern is when market makes a H outside the band, retraces, makes
another H,
but this time inside the band. There is a high probability that it will go
subsequently down.
This pattern is stronger if the 2nd H is equal (double top) or lower or, if
higher, there is
divergence with an indicator. "M" is obviously the reverse.
Jan Philipp
----- Original Message -----
From: Glen Wallace <gcwallace@xxxxxxxx>
To: Realtraders List <realtraders@xxxxxxxxxxx>
Sent: Tuesday, October 10, 2000 8:43 AM
Subject: Re: [RT] Donchian Channels
> Jan, what is a "W/M"?
>
>
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