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® “Home-Study Course” Study Manual Page 99
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ART® Defines Price Bars Differently
1. ART® defines a “Bullish Price Bar” as one where prices
CLOSE on the UPPER HALF of the price bar.
2. ART® defines a “Bearish Price Bar” as one where prices
CLOSE on the LOWER HALF of the price bar.
It is possible to have a bearish price bar (by the ART® definition) even
though prices are higher than the previous price bar’s close.
And it is possible to have a bearish price bar (by the ART® definition)
when the close is higher than the open on the same price bar!
If the open and close are both exactly at the 50% mark on the price bar,
then the bar is “Neutral” with little meaning except that the Bulls and
Bears are in stalemate.
By looking at the market’s response to new information instead of
focusing on the new information itself you are focused on the reality of
the market place. Don’t focus on the content of any news event –
because the content is more information than you need.
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