How might you know if a continuation pattern is 80% against working, or if a continuation will go beyond a new high or low with high probability (sometimes with 100% historical probability)?  Or, if the market is likely in a trap zone? Learn (and trade) the Three Period Probability Walk!

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Thanks to Sam for making this table!  Ask questions and advance your learning in the room!

Also note on the line Sam highlighted-  The period ending -1, A, B should have about 61 ticks of range.  What if you are actually more?  What is you are actually less?

At what (which specific price action event) point do you know K period will make a new high or low in a given direction (note that is 100% on the table!)?

Give these concepts some thought and share with the room!

Thank You!