7. The election of a Reversal normally indicates that the expected high or low that should unfold could take place in as short a time span as 1 to 3 units of time, be it daily, weekly, monthly or quarterly. Therefore, a low might develop the very next day following the election of a Daily Bearish Reversal or within the next few days. The same is true for all price activity levels.
Hi Strike Eagle!
Thanks for your comments.
Can you send the link where did you see that "election of a Reversal normally indicates that the expected high or low that should unfold"?
I understood that election of reversal is continuation of a move.
https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2016/02/ModelsMethodologies.SecondEdition.pdf - Page 26
"The election of the first Reversal Point indicates that a move to the second reversal is likely."