Interesting? No not really but below this is a classic example of how to learn.
We are always taught (by many who believe that one fork is enough at any one time to understand price action) that we should use the most recent swing high or P0 for our new forks...what do you think when you look at the reaction lines....which P0 works? The highest or most recent? Experience will teach you to try all possibilities before deciding .
Monday, 1 November 2010
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