Friday, January 27, 2017 12:52:09 PM
Kiy - Here are the rules:
Basic P1 confirmation rules for each time frame:
60 min P1 confirmation: SPX must open the hour below the 60 min UTL, the SPX must remain below the UTL to the close of the hour
Daily P1 confirmation : SPX must open the trading day below the Daily UTL, the SPX must remain below the UTL to the close of the trading day
Weekly P1 confirmation: SPX must open the trading Week below the Weekly UTL, the SPX must remain below the UTL to the close of the trading week
Monthly P1 confirmation: SPX must open the trading Month below the Monthly UTL, the SPX must remain below the UTL to the close of the trading Month
Basic P2 confirmation rules:
If the SPX is in a confirmed P1, and the SPX touches the UTL, a P2 is immediately confirmed and remains confirmed until a new P1 is confirmed per the P1 confirmation rules.
Basic P1 confirmation rules for each time frame:
60 min P1 confirmation: SPX must open the hour below the 60 min UTL, the SPX must remain below the UTL to the close of the hour
Daily P1 confirmation : SPX must open the trading day below the Daily UTL, the SPX must remain below the UTL to the close of the trading day
Weekly P1 confirmation: SPX must open the trading Week below the Weekly UTL, the SPX must remain below the UTL to the close of the trading week
Monthly P1 confirmation: SPX must open the trading Month below the Monthly UTL, the SPX must remain below the UTL to the close of the trading Month
Basic P2 confirmation rules:
If the SPX is in a confirmed P1, and the SPX touches the UTL, a P2 is immediately confirmed and remains confirmed until a new P1 is confirmed per the P1 confirmation rules.
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