1 Tick Wonder
Price Pattern Strategy
Last updated
Price Pattern Strategy
Last updated
The AlgoBox™ One Tick Wonder is a pattern strategy where price surpasses a previous high or low by one tick, and then immediately reverses, potentially trapping new participants at that new high or low.
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.
Other trap patterns: Turtle Richie 4 LDT
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