This question was posed to me yesterday by a customer. Rather than answer his question directly, I thought I’d put out a blog post.
The short answer is: Yes and No.
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Always the best Peter!
It is a matter of seeing the same thing over and over. Once you do that then there is a smart way to repeat and understand what it’s doing, but i can tell you that everything repeats many times. There is another thing that happens a lot and is noticed on candles only so i say is a must to have this on as you can see the syndrome of moonwalk that is what i call it. That it feels is moving one direction but is not and moves slowly the right direction so it feels like the moonwalk. Anyway to me every indicator works as long as you get good at it.