• Can be the beginning of a break-out to new trading level
  • Major thrust in one direction which the market makes a new plateau in price movement up or down
  • Can mark the high or low and culmination of a trend

 

Dow Jones Example:

View the Above Example of the Dow Jones Weekly:
+
11/02/2014 was beginning of new break-out
+ This array on 11/03, 11/10 confirmed Dow Jones would take off to new plateau in price movement