Tuesday, 25 October 2011


see previous post & chart. Why was i intersted in that particular reaction line you may ask?After all the whole chart is covered with them? The reason is the angle and confluence plus most importantly the value of the fork in the weekly time frame from which the reaction line originates. This value is calculated using a formula from the three pivots of the fork it belongs to and then is further identified as either a 50% or 100% interval reaction line.

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