Weekly Analysis

Weekly AnalysisLesson 4 of 106 min read

Tested and untested

Step two of the pass, and the distinction that decides both what price is being pulled towards and which zones are still worth marking.

Step two is the per market reading, and it starts with the monthly and the weekly, as module 43 set out. One word is added to it here.

Untested means not yet reached

A high or a low that price has left behind and has not come back to is untested.

The orders that collected around it are still sitting there, because nothing has come back to fill them. Module 8 put them there and module 12 taught you which ones matter.

An untested level still has everything waiting at it.

That is what the target is

The weekly reading ends by naming where price is being pulled next, and the answer is the nearest untested high or low in the direction of the trend.

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