Hi Everybody,
Some users of WRB Analysis are having problems with the concept involving the qualification of a WRB into a WRB Hidden GAP interval. Therefore, the below information will be added into the next soon to be release update of tutorial chapter 1 in the WRB Analysis free study guide.
If you have any questions about the below new update that gives a better understanding of how a WRB interval transforms (converts) into a WRB Hidden GAP interval...please do not hesitate to post your questions here at the TSL Support Forum.
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With that said, a
WRB Hidden GAP must first qualify as a WRB prior to being transformed into a WRB Hidden GAP.
The Hidden GAP is determined (defined) by the price action of the first (1st) most recent interval
before the WRB and the price action of the first (1st) most recent interval
after the WRB. This is the
difference between a WRB versus WRB Hidden GAP because the WRB involves comparing the WRB interval to its most recent
prior three intervals. In contrast, for a WRB Hidden GAP, you need to ensure it’s a WRB interval and then you need to determine if the WRB qualifies as a WRB Hidden GAP via only comparing the price action of the first (1st) most recent interval
before the WRB and the price action of the first (1st) most recent interval
after the WRB.
Attachment:
WRB-Analysis-WRB-Hidden-GAP-Qualification.png [ 25.5 KiB | Viewed 321 times ]
Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body/bar analysis)
@ http://twitter.com/wrbtrader @ http://stocktwits.com/wrbtraderhttp://www.thestrategylab.com Phone: +1 708 572-4885
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