Daily Bias Part 3

Daily Bias Part 3Lesson 2 of 115 min read

The weekly retracement

How far a weekly pullback is likely to travel, which tools answer that, and what the chart above the weekly adds.

Once a daily fall is read as a weekly pullback, the next question is how far that pullback goes.

The weekly is read like every other chart

Structure first, then what it points at. There is no separate method for slow charts.

The chart above it, the monthly, reads the same way again. If the monthly has broken structure upward, the levels sitting above it are what the whole thing is eventually travelling towards.

Every chart is read the same way. Only the size of the move changes.

What a pullback is owed

The retracement tools from module 26 answer the distance question, and they answer it on the weekly exactly as they do on the 1 hour.

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