Wide Spread 5 WS5

WS5 is Wide Spread 5

If a price bar's Range is wider than the previous 4 bars' ranges (measured independently) it is said to have the widest range in 5 days or WS5. The opposite of WS5 is NR5. WS, WS4, and WS7 are also closely watched price patterns.

This is a Toby Crabel price pattern.