In Lesson 2, Section 1, Screen 36, there is an example shown on the bottom half of the screen of a 6/5 down. Either the price picture in incorrect or I'm not understanding this example because it appears to me that the point (of the extended line) is lower than the close of the previous bar, not higher as stated in the explanation, although the last price bar in this example did in fact move lower. Could you please clarify this for me?
M.S.
Lesson 2
Re: Lesson 2
You picked up one of the glitches in the Lessons; bad layout and wrong illustration on that page.
a 6/5 is:
a line running from the high of a bar through the next upcoming PLdot and extending to the area of the future bar, when that dot is below the level of the high and the close is also below the level of the termination point of the lin (the point of the extended line is above the close).
a 6/5 is:
a line running from the high of a bar through the next upcoming PLdot and extending to the area of the future bar, when that dot is below the level of the high and the close is also below the level of the termination point of the lin (the point of the extended line is above the close).