A trader explains a candlestick pattern that measures the distance from a candle's lowest low to a trend line, then projects that same distance downward to predict the next price move. He claims the pattern repeats and can generate profits.
This is the basis of every chart. When I see charts, this is all I see over and over. If you find the low on the candle that had the lowest low in this pattern and you measure from right here to the top of the trend line, so you want to go directly up this same candle, right? To right here. And you measure the price distance. Let's say this is $20. What you will find is the next move down will be this distance. So like this would even continue further down. And this happens over and over and over.
