Symmetrical Triangle Consolidation "Flatline" After U Volume HLB

6 Oca 2018

We have to be flexible as Hearbeaters that we don´t get stuck with false or incomplete method and miss the flow of the market because we miss subtle aspects of the footprints of smart money..

This is classic day charting.. We see a Symmetrical Triangle that is quite tall with a 40% price hieght and also bears signature volume drop off..

So we have a traditionally (psycological) bullish signal..

I am going to start documenting and back testing an old idea I have to further break Heartbeats up.. Basically is day volume peak buy or sell and is it U or /\

Here we see (BCHUSDT) Hearbeat Lightning Bolt with buy volume spike greater than sell volume spike in U formation.. Peak Volume is greater than two times min volume (so isn´t PV).

The flatline means the bite has killed either the bulls or the bears and we await the ambush of the survivor...

This is a common formation as a whole and I´ve included a similar structure we saw on dash.. I call this bearish consolidation because the flatline axis is at 0.382 fib or below..

We´re calling this the Rat Trap.. And we are assuming bullish..