Railroad T-rex

Railroad tracks are an alternating positive-negative candle sequence with closes and opens forming two horizontal lines and have meaningful body sizes.

It is best to have candles on to be able to spot this event.

What usually triggers this condition is low energy reserves and time pressure to consolidate all strength under the shortest time possible.

Minimal pullback before the ultimate target.

The railroad tracks lay down an artificially high base line keeping the volatility level elevated.

The price will break from this pattern in the wrong direction first trapping the break-out early birds.

There was this RRT on the hourly, so I thought I would pass this on.