Momentum Tape Reader Utilities 2 (click pics to study)  

[showing: Standard '3' wave with Trough Fib_0, Fib_8 Target Zones showing, and Trough Fib_21 Support Levels (lower blue) are displayed from count 3 to 26. Directional Bias filtering is provided by the Crest Fib 21_Tm21 fence. Momentum Cups Trough (brown) and Crest (dark cyan) are also shown. Both originate from the mLkAhd shock-points of the wave and are output directionally biased by the user-selected Fib Fence of choice . . . in this case Fib21_21. Note the exceptional pulsing which occurs at all 4 Crest momentum shock-points.]

 [showing: Addition of my primary Fib Fence (cyan) Trough 17_21. This is the number one fence on any fractal, any market! I always display this fence. Even though directional bias for output purposes is being filtered by the Crest 21_21 (because of it's relationship to the support level Fib 21 being used here for targeting support), I always want to know where the Trough Fib 17_21 fence is!]

The MTR_U2 dll is identical to the 1st utilities dll 'UT' but offers 3 additional functions:

1.Ability to show two different Fib Levels at the same time, from either force (leg) of the wave. Trough: Target fib level & Support fib level, Crest: Target fib level & Resistance fib level.

2.Directional Bias Fib Fence filtering for the Trough vs Crest Fib Targeting and Sup/Res Levels.

3.Directional Bias Fib Fence filtering of the Momentum Cap/Cup (including live mLkAhd tracking).

This dll functions as a stand alone trade environment, painting a clear picture of what state price is in. Reward/Risk is easily measured from clearly defined Support/Resistance levels to target Levels/Zones.

Momentum Mechanism: The dropping and rising 'Look-Ahead's' (Crest & Trough), of the wave turns, are tracking a 'look-ahead' position relative to the wave structure. When mLkAhd exceeds price (crest and trough shock-points), two mLkAhd levels are known, above and below. These momentum Caps/Cups are very strong resistance/support levels as they extend over the trough and crest phases of the wave. Specifically . . . this shock-point origin (time) is a consistent action point as demonstrated. Output is either user selectable or 'directionally biased' automated in this dll.

Trader's . . . Do you know where your 45's are?

[showing: Addition of Crest and Trough Tm Fence 45's (to any chart fractal) enhance the trader's mental clarity/ability to take advantage of the inherent momentum fundamentals of these levels. Notice the 45/90 'Target Split' occurring at 7:06, retracement right to the Trough 45 with follow-thru upside to target 90* level . . . 31 tick reward, 8 tick risk using just the 45 support, 4 relationship support levels within 15 ticks below.]

[showing: Momentum Cap levels (combined with same directionally biased Fib Fence structure as above) provide consistent minRisk short entries for continued downside and Fib_8, Fib_0 level/zone targeting. The red resistance level used is Crest 17 because of its relationship with the primary Fib Fence.  

  Remember This Fundamental of Learning:

Each of the vibrational components of this Wave Based tool provide

a unique 'Squared' and 'Phi Rich' structure to any chart. Successful trading comes when two things are understood:

1.The structural RELATIONSHIP of the above features (specifically created by price action) and . . .

2. Price's position in 'Relation' to this 'RELATIONSHIP'

It is suggested and highly recommended that users add only one structure and concept to their trading at a time. Complete clarity of

the trade precepts (action points) of each must be understood and internalized before a 2nd can be added successfully.

Observe . . . find what you like . . . observe . . . what speaks to you . . . observe . . . make it your own . . . use it.

This help file is about helping you accomplish that . . . review these charts often.