Richie
Price Structure Trap Pattern
The Richie is a strategy based on a price structure trap pattern that tends to trap mostly sellers, potentially offering a swift and extended move to the upside.
The Bee Hive pattern often traps both buyers and sellers, causing short term confusion. The up swing of the "Fast V Reversal" provides temporary relief on the buy side, attracts new buyers and then the swift down leg attracts new sellers, while targeting the sell stop losses of those new buyers at the same time. Previous sellers still holding their positions may exit their short at close to breakeven, adding to the buy pressure. This fast reversal trap move amplifies the explosiveness of our potential long entry.
The Richie emphasizes the importance of implementing patience by stalking trades while the pattern is unfolding, aligning with the favorable direction and waiting for the right moment.
The Richie may have an increased probability when the AlgoBox™ bias shows LONGS FAVORABLE.
When the low of the Bee Hive range has been reached, look for more confluence of reversal signals such as: -Delta Flag, Double Delta, Delta Shift -FlowMaster™ Enigma -Harmonic PRZ -SMLK Timing -FibDots -FlowMaster™ Alpha-Omega -FlowMaster™ Cross DCR -and other strategies.
Try AlgoBox™ for free - No credit card required, no obligation, no gimmicks.
Last updated
