Note ·
Pullbacks that still belong to the trend
Not every decline in an advance is a reversal. The classroom test is simple, and students still fail it when the bar is ugly.
Niran Kaewmanee
Hold the last swing
In an advance, a pullback that holds above the last marked swing low still belongs to the advance until it does not. That sentence is dull on purpose. Students want a percentage or a candle name. We give them the previous swing and a pencil.
Ugly bars are not a method
A wide range down day inside a gold advance will empty a room of patience. We still ask where the last swing low sits. If the close is above it, the page is not yet a reversal, however loud the session felt.
The weekend workshop spends Saturday afternoon on this and Sunday morning on the failures — the closes that do take the swing and then keep going. Both days use the same pack so the difference is on paper, not in memory.
Write the invalidation
Under every trend note we ask for one line: the mark that would make the note false. If you cannot write that line, you do not have a trend reading. You have a hope. Hope does not survive a Thursday evening in our room.