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7. How To Identify Trend Corrections – Using The
MINOR “Pyramid Trading Point ®”:
Using the rules and definitions of a MINOR “Pyramid Trading
Point®”, we can quickly distinguish between the dominant trend and a
minor trend correction.
MINOR “Pyramid Trading Point®”:
Is often the first “Pyramid Trading Point®” that forms in the
OPPOSITE direction of the primary trend. A MINOR “Pyramid
Trading Point®” occurs when prices have still not exceeded the “Base
Leg” of the most recent “Pyramid Trading Point®” of the primary
trend.
When prices exceed the “Base Leg” of the most recent dominant trend
“Pyramid Trading Point®”, then the next “Pyramid Trading Point®”
that occurs in the direction of the existing MINOR “Pyramid Trading
Point ®” will be considered a “Primary” “Pyramid Trading Point®”.
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