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Acceleration: Fast trading conditions and price movement.
APMD: Average Price Map Distance (APMD) is the average distance between support and resistance levels on the PRICE MAP.
Breakout: A neutral
sideways market violates its consolidation extremes providing a new trend
move.
"Build a Base": A phrase referring to a weak or negative
trending market's attempt to build a support base for a rally.
Choppy: Erratic sideways trading conditions. Typically accompanied
by false breakouts and low volume.
Consolidation: A corrective neutral posture for the market. No directional
bias.
Continuation Momentum Numbers (+c, -c): The Continuation Momentum
numbers are the points in which the market must close above (+c) or below
(-c) to signal follow through in the coming session.
Critical Range: The NEUTRAL zone for the session. The UP (Upside
Pivot) and DP (Downside Pivot) encompass this range. A violation of this
range is necessary to determine a trend for the session.
Digestive: Sideways directionless trading action. This type of price
movement typically occurs after a sharp market rise or fall and is considered
a continuation neutral term.
Directional: The pivot point that shows the market bias within the
Critical Range. This level shows the market's lean into the Critical Range
extremes.
Downside Pivot (DP): The most important directional support level
for the trading session and the bottom of the Critical Range. A violation
of the DP is necessary to produce a SELL signal for the session, with #1
target the initial objective.
Extreme: The edge of the envelope or extreme price point for a trend
move. This is also the exhaustion point of a trend move.
Failure: A Failure is a negative action referring to a downside breakdown
below a PRICE MAP level.
Follow Through: A continuation of the current trend.
"Keep it Tight": This term is used when a market is making
a move, but is approaching good technical resistance or support. The trader
is advised to "keep stops tight" as a reaction off this level
is expected.
"Lock and Load": A phrase used to alert traders to be ready
to execute as a knee-jerk reaction off a Price Map level is expected.
Major Level: A price map support or resistance level with a weight
of at least 2 stars (**).
Momentum: Underlying positive or negative action or trend.
Objective: The expected price objective for a trend move for the
trading session.
Pull-back: Referring to a rally in a negative trending market.
Release: A sharp emotional sell-off.
Resistance: Price levels above the current market price that will
resist an advance.
Reversal Number (R): This is one of the strongest levels on the Price
Map and represents the session's trend bias. Rallies below the R should
be sold and breaks above the R should be bought.
Set-back: Referring to a break in a positive trending market.
"Stay Nimble": A term used when a market is approaching
a good direction momentum level. The reaction of which will point the direction
of the next move. Traders are advised to "stay nimble" as sentiment
from this Price Map level may shift.
Support: Price levels below the current market price that will support
a break.
Sustained / Held: When a market trades above or below a PRICE MAP
level and continues to trade above or below that level for at least 15-20min.
Swing: Big sideways action. Directionless.
Target: The expected price target on a breakout of the Critical Range.
"Touch and Go": A phrase used to describe a quick test
of support and resistance, followed by an immediate reaction. Typically
only one print will occur at the extreme.
Trend Move: A sustained price movement either up or down.
Upside Pivot (UP): The most important directional resistance level for
the trading session and the top of the Critical Range. A violation of the
UP is necessary to produce a BUY signal for the session, with #1 target
the initial objective.
Violation: A violation is positive action referring to an upside
breakout above a PRICE MAP level.