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 Post subject: Questions regarding this mornings price action
PostPosted: Fri Mar 07, 2014 1:42 pm 
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Joined: Tue Feb 25, 2014 5:28 pm
Posts: 24
Swing point # 1 is out because there were no WRB to take out.

Swing point # 2 is out because there is only one WRB interval and not the three required.

Strong continuation # 1 could work - It produces two WRB – HG and one of them is a break out interval but there could be a problem. I’m not sure that the definition of ‘reaction high’ meets the price action that preceded the Volatility Spike. So here’s my question – does the price action preceding the Volatility Spike qualify as ‘reaction high’? Zone or no zone #1

On the other hand, if you were to view the KME on a 1 minute time frame the Swing Point # 2 almost works in all requirements except one. The first of the three consecutive intervals occurs ‘At’ and not ‘After’ The KME. So even at a one minute time frame it does not qualify.

This is a tough deal for me this morning. I’m not sure if I’m seeing a WRB – HG under one of the four swing or continuation definitions. It might just be that I’m trying to damn hard to make something of this.


Attachments:
TSL KME Non - Zone or Zone # 1 S continuation- 2minute-2014-03-05-TOS_CHARTS.png
TSL KME Non - Zone or Zone # 1 S continuation- 2minute-2014-03-05-TOS_CHARTS.png [ 54.85 KiB | Viewed 328 times ]
TSL KME Non - Zone- 1 minute-2014-03-05-TOS_CHARTS.png
TSL KME Non - Zone- 1 minute-2014-03-05-TOS_CHARTS.png [ 46.6 KiB | Viewed 305 times ]
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