Got a great question from Mike M. on Friday about RAMBO patterns (potential ‘Reversal of AMateur Break Out’):
“Hi Barry, Is the R associated with a RAMBO signal indicative of the direction the amateurs are going? Or the trend? For ex: today on the 1500 tick @ 9:51est, there was a red R below the UP amateur bar.
Your products are fantastic and truely appreciate your videos. Thanks.” Mike M.
I try and answer the question in the video above. For my money, the RAMBO patterns are pure gold – such a simple volume pattern and incredibly effective at showing you where the Amateurs are going wrong. The higher the time frame, the more prescient they are – so pay attention.
Good luck with your Emini trading.