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!
