Page 24 - Module 5 - Key_Players_in_the_financial_game

Module 5 – Understanding the game between the bulls and bears

Peaks
A Peak is composed of 2 legs and a base which is the opposite of a valley.
1. Rally
2. Base
3. Drop

Candle #1 is the rally in price, the first leg. Base is at #2, composed of several candlestick formations,
a spinning top, dark cloud cover and doji.

The departure/imbalance is created once candlesticks at #3 drop and create the potential imbalance.
Candle #4 is the pullback that test supply for a valid entry.

Distal and proximal lines are the lines used for our entry (Proximal one) and SL (Distal line + SL
Padding)

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