One of the rules (the Hagopian rule) of Action/Reaction is as follow:
" If price miss to go to the nextd line, there is a high probability that the market is going back from where it came, or farther in this direction".
Here we have the WL1, the Warning Line, which marks a area where price is running out of steam, and will pullback.
Check
Next we have the Hagopian rule. OK, price got rejected at the WL1 and is starting to go back from where it came
Check
...or further -> This one is optional, but in my stats proven that price is most often going back more then from where it came.
In this scenario price seems to stick at the Centerline, which is a normal A/R support in nature of this axiom.
So - where do we go from here?
I dunno...we are in the middle of the extremes, and there it can happen everything...
Ding Ding Ding - Shool is over, you can go home now §8-)
If you like this Action/Reaction & Forks method, take you free seat here in this very basic A/R course: mytradingcoach.teachable.com/
I am in the midst of creating a whole braindumped course for you guys & gals.
If you want to be informed when its going live, just attend the free course above and i will send you a "ping" ;-)
P!
" If price miss to go to the nextd line, there is a high probability that the market is going back from where it came, or farther in this direction".
Here we have the WL1, the Warning Line, which marks a area where price is running out of steam, and will pullback.
Check
Next we have the Hagopian rule. OK, price got rejected at the WL1 and is starting to go back from where it came
Check
...or further -> This one is optional, but in my stats proven that price is most often going back more then from where it came.
In this scenario price seems to stick at the Centerline, which is a normal A/R support in nature of this axiom.
So - where do we go from here?
I dunno...we are in the middle of the extremes, and there it can happen everything...
Ding Ding Ding - Shool is over, you can go home now §8-)
If you like this Action/Reaction & Forks method, take you free seat here in this very basic A/R course: mytradingcoach.teachable.com/
I am in the midst of creating a whole braindumped course for you guys & gals.
If you want to be informed when its going live, just attend the free course above and i will send you a "ping" ;-)
P!
Next TGT is the black support, then blue L-MLH, then orange U-MLH.