whether this concept works or not is for u to decide, if u find it worthy of more than 60% successful trades then try considering else u know whats to be done(same for other theories/concepts).
as far as iam concerned, looking at the above chart, it has provided some clue on turning points on many ocassions(headache is less than ta here :) ). iam saying "turning points" only and not "sell on full moon day and buy on new moon day".

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