macdulio3

Rule 7-8-9

Leg 7, 8, 9 of the channeling move are trying to accomplish 2 things:

  1. make good progression between the first 2 fractals whilst making a new High or Low upon printing the first fractal
  2. ultimately they are aiming to re-start the leg-count sequence by a new rip achieving channeling strength

This was a gift from the market:

The E207 lit on these images just means that the Green River is asking for the ball back -> Mean Reversion pending.
Sticking to what I said about the 9th leg on both counts in the Day Ralio: Channeling Principles entry

Finally, let’s look at what was wrong with the previous Leg 7 down:

the 1st fractal did not make a NEW Low. This in combination with the falling knife prior meant that the bear party was over.