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.
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.
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