Anyway you want it to make your own pattern recognition/formation it doesn't matter as long as you can trade and make money out of it, no question.
In the market, following others to make a trade is an exercise in jeopardy/futility as far as this "posted by" is concern.
That is why I am a follower of my own understanding of the market (when it comes to putting trades), except maybe in market psychology and trading money management.
In this chart shown today, if you are a graduate of Bachelor of Science in Prediction (BSPr, I just don't know where in the world's university is offering that), you can buy the market when it drops after the open for a long position and go somewhere else, take a nap maybe.
Then wake up/come back in your trading table and sell the market 1-minute before the close and you made a good trade.
Sometimes (or most of the time?) the market gives you a simple tradeable pattern but lo and behold, you cannot make money or you cannot trade it.
The answer to that is about psychology, emotions, fear, nervousness, getting involved in the market tick by tick that gives your nerve/pulse rate that the blood pressure monitor cannot recognize anymore.
That's how in the market, if you don't pay attention to yourself and reflect it the way the market works - it's just a waste of time sleeping and breathing with the market.
And to solve this kind of problem, getting involve in the market is vital coupled with discipline and management.
But practicing trading skills is non-negotiable, that is - if you want to be a better trader!
