Most patterns are descriptive. The 1-2-3 is mechanical. It doesn’t predict the future; it defines a change in the supply/demand equilibrium. Sperandeo won't enter until point 3 is confirmed. He famously said, "Do not anticipate. Confirm."
: He breaks market movements into three active trends: short-term (days to weeks), intermediate-term (weeks to months), and long-term (months to years). Most patterns are descriptive
In the world of trading and finance, few names command as much respect as Victor Sperandeo, affectionately known as "Trader Vic." With a career spanning over five decades, Sperandeo has established himself as a leading authority on market analysis, trading strategy, and risk management. His seminal work, "Trader Vic - Methods of a Wall Street Master," has been a cornerstone for traders and investors seeking to master the art and science of trading. This piece aims to provide an in-depth exploration of Sperandeo's methodologies, insights, and contributions to trading, as outlined in his influential book. Sperandeo won't enter until point 3 is confirmed