[52-6F-62]

I'll bite, because I could use more insight. As far as I can tell, he references daily bars—to see the effect that you referenced, I had to reduce the bars to ~ 3 - 15 minutes.

Otherwise, the pattern looks quite the opposite to me. Am I missing something? If not, could something like that somewhat reasonably be applied to trading at that time scale? Seems like a good way to never get any sleep!

[dnm]

I just tend to recognize the patterns in any timeframe. They're everywhere. If I were a day trader, that was a trade I would have taken, but I don't have the patience to sit and stare at the screen like that all day.