TheStrategyLab.com Price Action Trading Support Forum

Here is my second chart of the DAX.

At 10am the IFO came out higher that expected (104.7 vs 103.0 after 103.2). After a few minutes of low volatilty (before the event) the market jumped 20 Points.

We then had a volatility contration of 10 Minutes before the market continued to rise.

Hi,

Thanks for the DOK but this is not a valid strong continuation #2 price action definition.

Remember, the key concept in tutorial chapter 2 for all the price action definitions is that ONLY the first WRB Hidden GAP interval that appears after the key market event (KME) can be used as a WRB Zone if it qualifies via one of the price action definitions.

In your chart, you skipped (ignore) the appearance of the first WRB Hidden GAP interval after the KME and then you searched and found another WRB Hidden GAP interval...such is not allowed because then it wouldn't be the first WRB Hidden GAP interval.

Regards,
M.A. Perry

Hi,

at first I want to thank you for helping me. I really appreciate that.

I see my mistake.

I will continue to work on chapter 2 and come back with a (hopefully) correct DOK.