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This five minute chart is an example of price consolidation for the S&P
e-mini (ES H4) contract on February 4, 2004.
The consolidation on this chart is from 8:00 AM (PST) to 10:10 AM
(PST). The YELLOW triangles, GREEN diamonds, and RED squares
are signals from the “Applied Reality Trading®” software program.
The YELLOW triangles are called POTENTIAL “Pyramid Trading
Points®”. When a number of them form next to each other, they
indicate a consolidation.
The “PTP” Apex indicates where you would enter your trade at the
outer edges of this consolidation. Your initial stop-loss or trade exit
would be placed just outside the “Base-Leg”.
“ART® Chart” # 52
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