Other Opportunity Type Some short-term patterns p

Other Opportunity Type

Some short-term patterns provide information that is useful however this information may not specifically suggest possible bullishness or bearishness at first glance. Or it may indeed suggest bullishness or bearishness but only when additional supporting information is considered. This is the "Other" category. "Other" events are usually short-term patterns that mark the end of an uptrend or the end of a downtrend. The end of an uptrend signals that the prior uptrend is coming to an end and the price may reverse downward or it may move sideways. However the end of an uptrend does not imply that the price is becoming bearish. While the prior uptrend may end with the price reversing downward, it may also end with the price moving sideways. After the price moves sideways it may later continue its upward trend. The converse is true for events signaling the end of a downtrend.