I see. If you look at AAPL and AMZN chart dated 25/1 - 28/1 thats a representation of one.
To define;
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The first bar is comparatively long, reaches new highs, and opens near the low while closing near the high for the day.
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The second bar is roughly the same length, opens near the high and closes near the low for the day.
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The two together resemble railroad tracks due to their long length (compared with other bars on the chart) and similar length to each other.
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Because the tracks both stick out in their entirety above all the other bars in the charts (here they form multi-month highs) and the with no other "traffic" around, they are described as being in the country".
And the opposite for the low for APPL.
Thanks
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Can you assist with a pcf for "Railroads in the country"? Thanks
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can you assist with giving me a pcf for pocket pivots please? Thanks.
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