Lesson 15

[Trader Question]

Page 26 of Lesson 15 Section 1 states “The corner line is the formation that links the isolated high or low formed by the congestion entrance bar and the trend reversal bar.”

I read this to mean the trend reversal bar is linked to the congestion entrance bar by a line, but the examples make it clear this is not the case.

Would the following statement be correct?

“The corner line is the Drummond line (hopefully a 5/3) that links the isolated high or low formed by the congestion entrance bar and the succeeding bar.”


P.E.

[pldot]

Yes I think so. I've never had a lot of sympathy for corner line, no idea why, and so it is not all that high in my consciousness.

But I think you're OK with this...