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Rule of 3

If not successfull on 3rd try

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#1 tradesurfer

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Posted 12 November 2020 - 01:29 PM

Anyone remember that rule of 3 ?

 

Learned that from Tim Ord...

 

You give a stock or index 3 tries to break through, if not successful then you will see a turn back down.

 

 

September 3rd,  October 13th  and right now is the 3rd.......  Downtown from here onwards ?????

 

 

 

 



#2 tsharp

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Posted 12 November 2020 - 02:06 PM

Not sure where the rule of three applies here... high, lower-high, new ATH... break through what?  AND... the price needs to fall below the two prior swing lows... which it is still relatively far from reaching (~300-points).

 

SPX-W-11-12-20.jpg


Edited by tsharp, 12 November 2020 - 02:16 PM.


#3 slupert

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Posted 13 November 2020 - 07:06 AM

Anyone remember that rule of 3 ?

 

Learned that from Tim Ord...

 

You give a stock or index 3 tries to break through, if not successful then you will see a turn back down.

 

 

September 3rd,  October 13th  and right now is the 3rd.......  Downtown from here onwards ?????

 

 

 

 

TANSTAATT