[coyotte]

McLaren's DVD is mainly about trading the counter trends within the predominate trend.

You can keep it simple with the trend patterns or more advanced with the amount of days within the counter trends .

A classic simple example is the PNA chart

1: if the last HIGH is not taken out with any up swing -- then that swing will be the 2nd lower high -- a 3rd lower high would signal a SHORT trade is probably forming.


2: the "Low before the High forming the resistance guideline " I find can be useful for identifying a Ascending Triangle early .

3: the recent Low forming a gap with the mentioned high is very bullish


Bill goes on about the 3 higher low swings after a major decline often leading to a recovery .

He covers EW / Gann but not in the conventional manner.



Cheers