There are multiple ways of Week 1 taking place:
1.) Price breaks out and fails at the High/Low of the month above or below a previous weeks high/low.
2.) A 3 Week Cycle has completed (gone through week 1,2,3), but has not reversed on week 3.
I refer to this as a "revolving door" style a.k.a. Trending Model of the 3 week cycle.
3.) A breakout occurs above/below previous weeks level, and on the following week reverses back above/below that level.
4.) On week 3 the market reverses BUT on the following week the market continues in the previous direction (a.k.a. Reset).
3.) A breakout occurs above/below previous weeks level, and on the following week reverses back above/below that level.
4.) On week 3 the market reverses BUT on the following week the market continues in the previous direction (a.k.a. Reset).
Reference:
Cameron Benson (Apr 27, 2023) - THIS 3 Week Market Cycle Will SIMPLIFY Your Trading.
Cameron Benson (Apr 27, 2023) - The 3 Week Cycle (pdf slideshow of the above video).
Cameron Benson (Apr 27, 2023) - THIS 3 Week Market Cycle Will SIMPLIFY Your Trading.
Cameron Benson (Apr 27, 2023) - The 3 Week Cycle (pdf slideshow of the above video).
See also: