Overbought Extreme example
Enlarge the chart to inspect candles and triangles.
A
B
SPY · 4h
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260270280
TanHef Ranks
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+6
+4
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−6
SPY · 4h · 24H session · December 29, 2017–February 15, 2018 (UTC). Custom TanHef chart from historical TradingView readings. Not live data or a forecast.
Triangle close-up at A
Same 17 candles around A, shown larger. Price scale fits this closer view; the full chart above keeps the wider context. Dates use UTC.
A
SPY · 4h
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276278
TanHef Ranks
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A First Extreme in this example +5The first triangle in this view appeared on January 12. Price continued higher before reaching the January 26 peak and turning down.
B Later price declineAfter the January 26 peak, price declined to B, below the price at A. Brief rebounds remained visible along the way.