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  |  March 10, 2009
Coils & Ledges Patterns
Known by many names, price action coiled sideways in clear fashion are powerful setups from which to trade. Practically all markets form ledges and coils on all time frames, but the lesser volatile they are, the more liquid a symbol is and the greater a tendency to form ledges & coils. They almost always turn out to be solid support or resistance levels that refuse to break or break with emphasis before making solid directional moves.
by Austin Passamonte

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