The rule of Hagopian says, that if price fails to reach the centerline, it will move in the opposite direction more then from where it came. I have observed this thousand times and the accuracy is insane.
1) the missing of the centerline
2) the start from where price came from...price went back further
Now I'm very courious if there is enough juice left to break the A/R's channel upper extreme.
P!
1) the missing of the centerline
2) the start from where price came from...price went back further
Now I'm very courious if there is enough juice left to break the A/R's channel upper extreme.
P!
Note
As of the rules of the A/R framework, price now has a high chance to revisit (test/retest) the U-MLH.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.