According to Hagopian Rule ; if prices reverse before reaching the Median Line, leaving a <<space>>
they will move more in the opposite direction than when prices were rising
toward the Median Line , in this case price has made LH and LL <<made a lower right shoulder>>
which indicates the weakness of ascending momentum
they will move more in the opposite direction than when prices were rising
toward the Median Line , in this case price has made LH and LL <<made a lower right shoulder>>
which indicates the weakness of ascending momentum
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.