Below is a larger TF 'reaction web' that is built up from multiple forks on what i consider the controlling swings. My experience over some years tells me that never is one ML set/fork in control and that multiple forks and RL's are in play all the time.
Below is my interpretation of building up reaction line web using a daily chart. I concentrate on the two controlling swings- one upwards and one downwards although with the up sloping ML set i have 3 forks with 3 relevant sets of warning/reaction lines...a straightforward Andrews then a Schiff and then a modified Schiff...all using the same original pivots P0P1P2. The effect is startling and better when viewed in 60min TF
here we add another controlling swing in the form of 2 down sloping white Andrews ML sets onto the same grid/web from above so we now have both ascending and descending major forks.
Again the relationship between price action and the RL/WL's is obvious. If you have the ability and resolution you can continue to add important ML sets until you build up as complete a picture of price as is possible and the ultimate conclusion being that you could eventually produce a complete map of price itself.
The most obvious thing to say about these RL grids is ' SO WHAT'! how does this help me frame a trade. The answer is simple on their own they are pretty useless... but you already have established price direction/trend and now you have dynamic support/resistance levels from the web. I use these webs as a template and then start drawing ML sets on top plus add indicators such as Bollinger bands and where you have a meeting of M-lines superimposed on your RL web then you use the same indicator and pattern based setups as normal.
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