The Outer Box · Part II: The Range
Chapter 10
The Inner Thresholds: 10% and 90%
C is slow. It sits in the middle of the range, and price has to cross half the box to flip it. That is its strength — a bias that changes rarely is a bias you can lean on — but it means C says nothing about what is happening at the edges, and the edges are where the interesting things happen.
This chapter adds two levels near the edges that move fast. They tell you when the inner boxes’ sentiment has flipped, often while C still points the other way.
The Two Levels
Ten percent of the range in from each edge:
Continue reading
This chapter is for members. If you have an account, sign in to keep reading.