Definitions of the terminology used most frequently in the posts and on the charts: [HH, HL, LH, LL] - Higher High, Higher Low, Lower High, Lower Low [P/A or Price Action] - description of price movements, i.e. a series of HH's & HL's describes an up trend [TLB] - Trend Line Break...[TLB-retest] - price returning to the level at which it broke a trend line [Divergence] - Price going one direction while indicators do the opposite [2xD] - two indicator divergence...[3xD] - three indicator divergence [RD] - reverse or hidden divergence...example: price making a HL while indicator(s) make a LL [DIV] - divergence . . . . . . . .[MT] - MACD EMA slope...MAC Trend [MOF] - Money On the floor, a pull back that reverses before reaching a previous low... (often it's the first HL that marks the reversal of a down trend) [Slingshot] - describes a pattern in the stochastic indicator, usually from the over-sold area...aka SLING [2B Dragon or 2B] - a specific double bottom pattern where features of the mythical creature can be described: Starting on the upper left of the chart - a 'Top-of-Tail' followed by 'rear feet' + 'front feet' with a 'Hump' in between followed by a consolidation area that defines the dragon's 'Head' Indepth explainations and details of my terminologies can be viewed on my blogs. Blog links are listed on my profile page. Also visit my other boards here on iHub...
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