• There may be an exhaustion of the current trend.
  • Look to take profits.
  • Consider taking a new trade in the opposite direction
  • Warns if the exhaustion is only a pullback / consolidation

 Finding Top

  • Market is rising
  • Numbers 1 to 9 appears above price.
  • One or more C can appear
  • When no further numbers and C appear, then the setup is complete
  • It is possible that the numbers will vanish before reaching 9. This implies that the setup was interrupted.

Finding Bottom

  • Market is falling
  • Numbers 1 to 9 appears below price.
  • One or more C can appear
  • When no further numbers and C appear, then the setup is complete
  • It is possible that the numbers will vanish before reaching 9. This implies that the setup was interrupted.

Features:

C9 can differentiate between trending and non-trending price action.

If close of the current C9 9th bar is between the High – Low of the previous completed C9 setup in the opposite direction, then the market is in a trading range.