weekend thread, page-13

This post is about how the market develops and about value and price effeciency.
There are 4 steps
1. is vertical . 2. stops the move . 3. it fills out and 4 is the test.. re-trace and ultimate value effeciency.
From effeciency we move on to find new values.

the maves converge when we get moves.

before the first step 1.

at the bebinning of the step 4.

and as we move into the new step 1'.

I've shaded the convergence on the chart . and market the steps.

a the recient break out.so now we are in a new step 1. and the current value price is 4462 are we going to continue higher ??or trade back into the previous value range with the main price 4390.Well from a trading perspective you have to go with it untill it tells us not too.