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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