Quote from: Strike Eagle 26 on April 18, 2019, 01:20:31 PM

Quote from: etoimene on April 18, 2019, 01:02:09 PM

Thank for quick reply.

I posted a link to a document from
https://www.armstrongeconomics.com/models/
Models & Methodologies Second Edition (recommended)

Can you be more specific with a text quote?

I checked https://www.armstrongeconomics.com/the-princeton-models-and-methodologies-a-users-guide/system/
and I don't see how is reversal election implying high or low.

Its right at the end...

"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."
https://www.armstrongeconomics.com/the-princeton-models-and-methodologies-a-users-guide/system/

Take the 1 to 3 time units with a grain of salt. Sometimes there are huge gaps on the daily level and price will get hung up on the technical levels. As an example Oil elected a bullish on 57.45 on March 13th and it diden´t reach the next reversal at 61.29 until April 1st, so 13 time units away.