Propagation Stations

Your propagation, no matter what time frame it is found in, is at least in theory, a component itself of a larger propagation. In the PTS, the Jumbo is the only component of that larger propagation you are interested in. But the points, especially the BP and TP of it, are also potential support and resistance areas at which your PTS may at least temporarily stall. See Figure below.

[caption id="attachment_13251" align="aligncenter" width="550"]Stations on a Jumbo Swing Stations on a Jumbo Swing[/caption]

Tip: Another big one! Watch where multiple count points and stations overlap for even stronger support and resistance.

By Michael Duane Archer
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2016. Content published with author's permission.

Posted in ...