One Tick Wonder
Price Pattern Strategy
The AlgoBox™ One Tick Wonder is a price pattern strategy where price surpasses a previous low by one tick, and then reverses in the other direction (up), usually trapping new sellers at the new low.
The same scenario can be reflected in a bearish One Tick Wonder pattern, where price surpasses a previous high by one tick, and then reverses in the other direction (down), usually trapping new buyers at the new high. Since the One Tick Wonder is price pattern, it should be analyzed in conjunction with other AlgoBox™ indicators and strategies for more confluence, such as SMLK Timing Lines, Harmonic Patterns, FibElliDotts etc.
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