Yesterday was the easiest LT pattern which is described on the FAQ page:
'LT means "Local Top" relative to this scale and it is the resistance of a BRK zone because very often market makes a top just one resistance above the BRK zone. For example on that day it made a top theorically on the LT of SS2 at 9884.97 discounting the thrust on resistance at 9892 on FS1 (Future Scale 1) '
http://ecw.jexiste.fr/statistics/1/images/intraday_on_daily_scale_131103_for_141103.gif
The case above is not the basic case wheras yesterday was the basic case as LT is just the next neighbour to Break zone
'LT means "Local Top" relative to this scale and it is the resistance of a BRK zone because very often market makes a top just one resistance above the BRK zone. For example on that day it made a top theorically on the LT of SS2 at 9884.97 discounting the thrust on resistance at 9892 on FS1 (Future Scale 1) '
http://ecw.jexiste.fr/statistics/1/images/intraday_on_daily_scale_131103_for_141103.gif
The case above is not the basic case wheras yesterday was the basic case as LT is just the next neighbour to Break zone
Quote from harrytrader:
I gave above 10521 zone (before we made it) according to Monthly scale. But it is above all due to today's forecast on daily scale which was 10523 in theory (see picture below the LT mark). In fact it was potentially there since Monday on weekly scale at 10520 (tomorrow I will show that the forecast of 10523 could even be refined to 10527 if one takes into account backwardation phenomena - I have explained already in the past but not so often so I will reexplain). This pattern is very easy to see since it is indicated automatically by the forecast and it is very high probability trade.
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