Rules for bearish formation In Forex
1 .The 2 point is a bottom.
2.The 3 point is the top of the first rally.
3. The 1 point is the top prior to point 2 (bottom), that 3 has surpassed.
4. The 4 point is the bottom of the decline after point 3.
5. The 5 point is the top after point 4 and is likely to exceed the
ended trend line of 1 to 3. This is the entry point for a ride to the
EPAline (1 to 4).
6. Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of
extended trend line of 1 to 3 and extended trend line of 2 to 4.
7. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3
and 2 to 4.
8. The Time take b/w point 1 to 3 should be equal to that of point 3 to 5.
