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WalterW, thanks for sharing this information. I just have a few questions.
How many bars do you generally look for in the V pattern? I imagine the more bars the better. What about when you have a small V pattern that consists of three or four bars would you draw a horizontal line on something like this?
What criteria do you use to determine the important levels?
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Nyc, the size of a pivot may vary... specially depending on the market volatility... spoting V`s its something I have been doing almost by instinct, so I am on the process of discovering how do I spot them... any way, a V should pop on your eyes... I will try to post as much possible here...
Important levels is a diferent story, you can see a lonely pivot from 2 hours ago now being tested for the third time (example)... and if there was a great break from one of this level some hours ago and we are coming back to it, thats an important decision area... cheers Walter.