The First Wave

Part II treated the ten percent move off an edge as a threshold: a line that, once crossed, fires a sentiment trigger. This chapter looks at the same move as the beginning of something — the first step in the way a move across a box tends to unfold. What follows is an observation from years of watching the ladder on live charts, offered with a lens borrowed from an older tradition, and with the limits of both stated plainly.

What Happens After the Sentiment Trigger

Go back to the bullish sentiment trigger. Price tests S1, holds, and bounces through the 10% level. The sentiment trigger has fired. Chapter 10 said what that means — bullish sentiment on the inner boxes — and stopped there.

Watch what happens next, on chart after chart, and a shape appears.