a pitchfork discussion, page-6

  1. 2,829 Posts.
    I agree, and that is what I keep on saying. The purpose of the exercise is to describe the action of price. How you do it is somewhat academic.

    The purpose of "the rules" is so that people can follow a consistent path in developing an analysis of what is happening. It is the reading of a chart which is the difficult part. The extraction of information.

    The drawing part is simply putting a framework in place to facilitate deriving of information from the data.
 
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