What makes up a hump?
Segment rejections
A STRONGER rejection has a bearish potential
A STRONGER rejection has a bearish potential
A STRONGER rejection has a bearish potential
This is a stronger rejection because in this set of 3 segments,
the red candlesticks are getting stronger from left to right,
overpowering the greens by the 3rd segment, and suggesting a potential down tick.
A WEAKER rejection has a bullish potential
A STRONGER rejection has a bearish potential
A STRONGER rejection has a bearish potential
This is a weaker rejection because in this set of 3 segments, the greens are gaining strength from left to right, suggesting for a potential uptick.
3 day rejections
A STRONGER rejection has a bearish potential
A STRONGER rejection has a bearish potential
A STRONGER rejection has a bearish potential
This is a stronger rejection because in this set of 3 "4hour" candlesticks, each green candlestick is getting weaker from left to right, while each red candlestick is getting stronger from left to right.
A WEAKER rejection has a bullish potential
A STRONGER rejection has a bearish potential
A STRONGER rejection has a bearish potential
This is a weaker rejection because in this set of 3 "4hour" candlesticks, each green candlestick is getting stronger (higher) from left to right, while each red candlestick is getting weaker from left to right.
Example of optimal trading
3 day rejection found on the 3rd segment of a segment rejection.
You can see the reds progressively getting stronger from the 1st segment to the 3rd segment.
In addition, you can see a stronger 4hour rejection on the 3rd segment.
This strongly suggest a down tick.