The Best Trendline Methods of Alan Andrews and Five New Trendline Techniques by Patrick Mikula

The Best Trendline Methods of Alan Andrews and Five New Trendline Techniques by Patrick Mikula

Author:Patrick Mikula [Mikula, Patrick]
Language: eng
Format: epub
Tags: Financial Speculation using Alan Andrews Trendline Methods
ISBN: 9780965051859
Publisher: Mikula Forecasting Company
Published: 2012-04-15T16:00:00+00:00


The chart below is a continuation of the chart above. In this example, the price bars are filled in through the end of the chart. Action Reaction Method 2 focuses attention on the market when the price reaches the Reaction Lines. The price makes a top just before reaching Reaction Line 1 at point A and then declines. The price makes a sideways top when it touches Reaction Line 2 at point B and then declines. Finally, when the price arrives at Reaction Line 3 at point C, it makes a top and declines. This shows that the distance between Action Line 1 and the Center Line proves to be a good measurement for judging future cycles.



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