Layered Readings

Part II has built a ruler and marked it with levels. Every one of those levels was described on a single box. This chapter, the last in Part II, puts the ladders of several boxes on the chart at once and shows how to read them together — which is the only way they are ever read in practice.

Every Box Has a Ladder

A yearly candle has an R1, an S1, a C, four thresholds, and an extended ladder. So does the monthly candle inside it, and the weekly inside that, and the daily inside that. At any moment, price sits at some position on every one of those ladders simultaneously.

That means price has several readings at once, and they will not all agree. The yearly ladder may say bullish bias; the monthly may have just fired a bearish sentiment trigger; the weekly may show price below its C. All three are true. Chapter 1 called this the resolution problem, and Part I answered it in principle: the outer box rules. This chapter answers it in practice, level by level.