law of strength
The law of strength is based on counting candles from POI to the end of the impulse and corrective movement. It is not a tool for entering a position, but serves as an additional confirmation.
The law of strength is based on counting candles from POI to the end of the impulse and corrective movement. It is not a tool for entering a position, but serves as an additional confirmation.
Short example.
The count of candles from POI down to the end of the impulse is 55 bars, while the correction took 49 bars to cover the same distance, which shows the clear strength of sellers at the moment.
The count of candles from POI down to the end of the impulse is 55 bars, while the correction took 49 bars to cover the same distance, which shows the clear strength of sellers at the moment.
Long example.
The count of candles from POI up to the end of the impulse is 29 bars, and it took 78 bars to correct, which shows the strength of buyers.
The count of candles from POI up to the end of the impulse is 29 bars, and it took 78 bars to correct, which shows the strength of buyers.
When using this tool, you need to work according to the structure, and the price should approach your point of interest in a corrective manner.
Criticism is welcome
Criticism is welcome
Loading suggestions...