Secondary Reaction Low
The analysis should use three indexes rather than depend on one chart alone. Confirmation across the relevant indexes is required for this type of analysis. A break below the lows of the last completed secondary reaction is used when the s…
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The analysis should use three indexes rather than depend on one chart alone. Confirmation across the relevant indexes is required for this type of analysis. A break below the lows of the last completed secondary reaction is used when the standard failed-rally setup does not occur. The second sell signal handles cases where the market keeps falling without first pulling back and rallying.