Number indicator used to identify a price point where an uptrend or a downtrend exhausts itself and reverses. It gives you a recommendation where to buy and where to sell
What are we looking at?
A series of nine candles where each close higher/lower than its 4th predecessor candle’s close value
When is there a buy recommendation?
When you see 9 consecutive closes “lower” than the close 4 bars prior
An ideal buy is when the low of bars 6 and 7 in the count are exceeded by the low of bars 8 or 9