The MTR_AUTO dll displays resistance and support zones of the market at each wave turn. Directional Bias output is selectable by user, using any Price/Time Fib Fence desired.
Trough Mechanism: When broken, the resistance zone becomes support. These reversal zone bandwidths consistently define the bracketing levels of future price action, setting the stage for clearly defined retracements to breakout levels.
Crest Mechanism: When broken, the support zone becomes resistance. A market (as pictured) that is merely retracing into prior support reversal zones, is trending down.
Dox Box . . .
The imperative read for understanding is found at the 'Law of Vibration' site . . . Topics: ' Directional Bias', 'Time/Price 45', and 'Fractals' . . . Read . . . Understand . . . and find Success.
