[Sledge]

Andre-
You are the man! Thanks for the clarification on both. I figured you meant something along those lines with the "grid" but wanted to be sure. I know you guys pay zero attention to Waves, dots, or other items. But I wasn't sure if you did look at the angle of the ascent or descent as part of your technical analyis. All of these answers are helpful in lifting the fog for me.

So is it fair to say that the prices on these instruments will travel between these zones fairly easily without much resistance?

Obviously you'll get your early exit folks on a bull move who will close positions and temporarily stunt the forward (upward progress) but if I am to use your example if I were keen enough to have gone long @ .7750, would I be farily confident to let that ride until it gets to the 780 neighborhood (zone) and then re-assess upon its arrival @ 780 to see if:
A. It would form a contuniation pattern and stay in the trade
or
B. See a rejection or reversal pattern and cash out

Am I getting warmer?
Much Thanks!
Aaron