Below are my DOKs for Chapters 1 and 2
WRB (Wide Range Body) = any candlestick body that has a price area (open/close) greater than the price area (open/close) of each of the prior three candlestick intervals
WRB Hidden Gap = any WRB candlestick body in which the interval before and the interval after have no overlap (not a single tick) of price
Attachment:
Chapter 1 - WRBs & Hidden Gaps.png [ 53.32 KiB | Viewed 328 times ]
Swing Point #1 (Bullish)
The price action definition requires that: (1) there is a change in price direction from declining to advancing as, (2) a Hidden WRB is created in the same interval as the Key Market Event (KME), (3) the price after the 1st WRB Hidden Gap continues in the same advancing direction until, (4) it fills in the price action of any prior unfilled WRB Hidden Gap (or the range of any three prior same direction intervals) prior to the next swing point
Attachment:
Chapter 2 - Swing Point 1.png [ 50.68 KiB | Viewed 352 times ]
Strong Continuation #1 (Bullish)
The price action definition requires that: (1) two or more same color WRB Hidden Gaps are created after the KME and prior to any new swing point, (2) the first Hidden WRB is a breakout interval above the prior reaction high (two or more higher close intervals, followed by a price decline of two or more lower closes), and (3) the KME must occur between the reaction high and the first Hidden WRB
Attachment:
Chapter 2 - Strong Continuation_1.png [ 36.05 KiB | Viewed 345 times ]
Any feedback is appreciated. I look forward to further education via the Fading Volatility Breakouts trade strategy guide and access to the ##TheStrategyLab trading chat room. Thank you.
Daryl
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