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Traders Welcome back.

So this marks the end of moderate to and to summarize the whole model we should be able to have a direction

by is of where price is likely to go to and keep in mind that whatever we use to gauge the direction

is only valid at is timeframe.

So it's important to look up on the higher timeframes because they give us a heads up of the bigger

picture of where the direction is going.

We only look at price to determine direction and no indicators.

And we've also learned how to gauge the strength the bulls and bears which is essentially the battle

between the retail traders and the smart money always for the direction of the smart money.

So if cover model one which is Maggott face and model to which is direction.

So let's use the knowledge to learn and apply the charts here.

So here's a big move to the downside.

Right direction is down.

Just an impulsive move

a corrective one here.

Tyson may not allow OK and that it may not equal high.

And that tells us that there's maybe a range

right

and what happens in the range.

Three things that can happen.

Fake Out contain OK.

So the action is still to the downside.

And then you see the V-shape reversal from this plan which looks a lot of setup's knowing that this

is a range.

We know that price could be contained in the range or I can make a false break.

I never made it to the top of the range came back down to retest.

We know to look for last year.

Right.

This is another turn the market

we extend the line here.

Okay.

Came back to the top of the range three things that could have been contained false.

Break.

Break up right.

Price was contained.

This blue line we know to look for shorts is easy price went back to retest the lows never made it.

Price is starting to make a new structure here.

Nicetas although the overall picture is a trend.

It's making money it's making a mini trend.

Until finally it breaks out.

This is a valid break out and from this point on which we may start to look for longs right retested

let's find another example.

One final example here before we end this model James I remember you see this trend here.

DROMO tries hard right stocks for a while ranges

a rectangular range forms

overall direction is still to the upside but we could take shorts from here because we know that price

can be containing the range right.

Longs here shorter break out mate and then the move has reversed from this point onwards and we start

to look for shortage right a V-shaped reversal Dashon bias is there a downside.

How strong this move is and this is an impulsive move to the downside.

Until it's finally

slows down.

And what we have here another range

this one here is a U-turn reversal the U-shape reversal

here guys from this point here that action is up up and up and up or so that's the range.

You could trade both ways right down up down.

Breaks out up and up and up.

Crazy versus finally receiving versus look for shorts short shorts and choice price range is again slightly

here.

You could trade off the ranges as well.

Three things that can happen.

A break out eventually price being contained in a break right.

And that's the point here.

Another range before price finally reverses.

So as of right now I know two follow ups.

OK.

I hope all of this makes sense to you guys and don't worry if you're not understanding everything at

once everything will make more sense in the later chapters as we cover novels in modulatory.