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2.4 in determining direction is the term the V-shape term.
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OK.
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This is usually a fake out or stop.
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And this is a point where Presby versus quickly which also marks the change in direction bias we may
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see Ludwigs big body candles and a lot of times coincide with the range or just a more dominant level
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on the upper timeframe.
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OK this is a really good chart to illustrate my point.
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We ship reversal
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here right.
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How do we know that this is in fact a reversal.
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Look at how big this candle this compared to the once before tsunami candle's it took for price to move
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the same amount of pips here.
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One two three four five six seven eight seven candles to the downside and one big candle to the upside.
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This is a valid V-shape reversal.
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OK.
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Also a change in direction from this point onwards direction is to the upside.
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It's as simple as that looks for long after this blue line.
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Right.
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Whereas another V-shape that we see here.
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Right here right.
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Why is this V-shape valid.
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Look at this big Candler here.
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So this turning point which I call term the turn is simply just the highest tip or the lowest point
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where the market turns right.
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So the turn here direction is sort of dumpsite.
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So when we're in a range like this we know that will only be looking for shorts here and taking her
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long range against direction as riskier.
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That's the point.
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You can still do it but it's riskier OK.
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Another one here.
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So from this first blue line that actually is to the upside.
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OK.
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And and up and from the second line directions heading to the down side OK from this third one here.
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We know to only look for the write it's really simple.
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And this is how I use my V-shape reversals to determine direction.
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Let's take a look at an example.
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Jane we are on the euro Aussie
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the shape right.
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Long weeks long weekend followed by big bodies
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and on the other timeframe I've actually drawn the line here and see where we are but on the range
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right long weeks big candles and tequila where we only have a timeframe.
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Same thing here.
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When we slow down here from this point on which
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direction is still to the upside
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until non-attorney here.
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I hope you guys are able to understand how I look for direction right now the V-shape turn reversal
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happens for big strong candle's the action shifted to the downside.
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And there are more V shaped formations here.
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Eventually price went up
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at the top the weekly range so long we can do that from here as well and the weekly chart.
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This is our turn.
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Right this is the term the shift in direction.
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All right guys let's move on to the next chapter.
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