Replies to post #8893 on S WAVE CHARTS

[jxyzobrien]

On an hourly
So you could see anchor points. The books teach about steep forks so
Bt taught it that way. It does not work well that way. Books and the
real world don't always match in sync

[jxyzobrien]

Determining if fork is correct
I had a fork within a fork. Look at the red fork.

If a fork is correct the median line will be reversion to the mean.
On the way down it goes around the CL twice uses it to bounce up.

On the way up it pauses right at CL. Then when it zooms thru it comes
right back to CL on the retrace.

It uses it as support. BT was still learning BB bands
when he got sick. Your fork should also act like bollinger bands.

Smurf does the same thing. I told BT i tried forks both ways and
the arithmetic forks predict price much better. He was stubborn
and continued the book way.

So the median line must be where there is alot of activity.
.
Its expressing what bollinger say reversion to the mean over and over.

Try both ways and then you will see. As we both know trading is visual.
I learned this thru trial and error.

I also learned about phantom waves. Not thru any book though. Thru
actual experience